Plume Foundation announced the listing of its $PLUME token on Upbit with a KRW trading pair, starting September 17, enhancing its presence in the South Korean market.
This expansion into South Korea is poised to boost PLUME's market liquidity and price volatility, garnering attention from institutional investors and retail traders alike.
Plume Foundation's recent listing of the PLUME token on Upbit with a KRW trading pair marks a significant expansion into South Korea. This strategic move is designed to enhance both price volatility and market accessibility for local and global users.
Upbit, known as South Korea's largest digital asset exchange, has now integrated PLUME into their trading offerings. The inclusion of a KRW trading pair aims to attract local retail and institutional investors, boosting overall engagement with the PLUME ecosystem.
54% Price Surge Follows KRW Trading Launch
The introduction of the KRW trading pair resulted in a 54% surge in PLUME's price, reflecting increased liquidity. This dramatic price action is accompanied by heightened volatility, a common occurrence for tokens with newly available local fiat options.
Market analysts note that this event aligns with South Korea's broader push toward digital finance leadership, potentially influencing institutional adoption. The correlation between Upbit's local fiat integration and speculative trading interest is evident, pushing PLUME's visibility onward.
Previous KRW Listings Reveal Volatile Trends
Previously, tokens like TOSHI and Holoworld AI observed similar market reactions upon KRW pair introductions on Upbit. These historical trends suggest new local exchange listings often mirror instantaneous trading interest and subsequent volatility spikes.
Experts from Kanalcoin highlight potential outcomes linked to institutional narratives surrounding PLUME. Based on data, further integration on prominent exchanges such as Binance and Bybit could extend PLUME's international footprint and capital inflows.
“We’re excited to announce the listing of $PLUME on Upbit with a KRW trading pair, further expanding our reach to retail and institutional users in Asia.” - Plume Blog