🚀 This Altcoin Skyrockets 170% After Upbit & Bithumb Backing – Here’s Why
When South Korea's crypto heavyweights speak, markets listen. A previously under-the-radar altcoin just ripped past resistance after winning listings on Upbit and Bithumb—proof that exchange support remains the ultimate price catalyst in this mercenary market.
The Pump Heard 'Round Crypto Twitter
No fancy fundamentals or roadmap promises here. The 170% surge came straight from the old playbook: get listed, get liquidity, get pumped. Traders piled in faster than a DeFi exploit drain.
Korean Whale Alert
Bithumb and Upbit's combined trading volume rivals some small nations' GDPs. When their users get access, price action gets violent—especially with Korea's notorious 'kimchi premium' still lurking in the shadows.
The cynical take? Another reminder that in crypto, technical analysis often loses to exchange politics. But try telling that to the degens counting their 3x gains between sips of overpriced macchiatos.
The Top Performer
Triple-digit price gains within 24 hours are nothing unusual in the world of crypto. The lesser-known altcoin Hyperlane (HYPER) proved that narrative, skyrocketing roughly 170% within that timeframe to almost match its all-time high of $0.35. Its market capitalization, which stood at around $20 million yesterday (July 9), has surged past $55 million.
The main reason propelling the impressive rally is the support coming from South Korea’s leading cryptocurrency exchange, Upbit, which listed the HYPER/KRW trading pair. Such a development enhances the token’s liquidity and accessibility while also providing a significant reputational boost.
However, some industry participants (like the X user Tux) claimed some projects use these listings “to dump their tokens on the head of Koreans.”
Sometimes i feel bad of koreans trading on $upbit.
Projects just use upbit listing to dump their tokens on the head of koreans.
Recent example is $hyper pic.twitter.com/lMYeWJ0ncs
— Tux (@megastuffs) July 10, 2025
Others remain optimistic that HYPER’s bull run is nowhere near its end. X user crypto GVR recently suggested the price could soar to a new peak of $0.50 in the next three to six months.
Meanwhile, Bithumb (South Korea’s second-biggest crypto exchange) also embraced the asset, introducing the same trading pair as its rival.
Upbit’s Impact in the Past
Earlier this month, the hippo-themed meme coin Moo Deng (MOODENG) pumped by over 40% daily after the exchange listed the MOODENG/USDT, MOODENG/KRW, and MOODENG/BTC pairs.
In June, Ravencoin (RVN) briefly made the headlines after jumping by 75% in a single day. Once again, the factor fueling the rally was the backing from Upbit.
The company has also contributed to a price spike for TRUMP, the meme coin associated with the American president. This happened in February when it enabled user access to the TRUMP/KRW, TRUMP/BTC, and TRUMP/USDT pairs.
