Bithumb Exchange Listing Ignites Espresso Token Rally with 84% Surge
South Korea's Bithumb exchange sparked a cryptocurrency rally with its February 24 listing of Espresso Token (ESP), propelling the asset up 84% to $0.17 within hours. The debut of the KRW trading pair at 5:00 PM KST capitalized on the nation's retail trading frenzy, with deposit channels opening two hours before launch to meet surging demand.
Market analysts view the listing as both a liquidity catalyst and a validation of Espresso Systems' blockchain infrastructure. The sharp price increase reflects speculative bets on continued volatility—a characteristic of South Korean crypto markets where high retail participation often amplifies price movements.