Raydium and Ponke prices surged following the major listing announcements, with RAY up 10% and PONKE up 20%.
Raydium and Ponke experienced significant price increases after being added to Bithumb, one of South Korea’s largest cryptocurrency exchanges. Raydium, an automated market maker (AMM) protocol and liquidity provider based on Solana, saw its price increase by 10% following the listing. Ponke, a meme coin on the Solana network, saw its value surge by 20%.
The addition of these tokens to the South Korean trading platform reflects the cryptocurrency exchange’s commitment to expanding trading options for users. The listing immediately sparked excitement, with both assets attracting high interest from traders.
Bithumb adds Korean Won pairs to Raydium and Ponke
According to an announcement on November 19, Bithumb has officially added Raydium (RAY) and Ponke (PONKE) to its KRW pairs. After listing on Bithumb, these tokens have attracted great interest from traders, highlighting the instant excitement in the market.
Trading support for RAY and PONKE on the Solana network allows users to make deposits and withdrawals within three hours of the announcement. Full trading for both tokens will begin at 5:00 PM KST on Tuesday, giving users access to the new pairs as soon as trading officially begins.
To ensure trading security, Bithumb has set specific trading limits. For the first five minutes, buy orders are suspended and sell orders are limited to between -10% and +100% of the base price. Automatic orders will be activated after the initial trade, establishing a controlled entry for these tokens in the KRW market.
RAY and PONKE price surge and market context
Raydium is currently trading at $5.90, up 10% after its Bithumb listing. In the past 24 hours, the price of RAY has ranged from a low of $5.519 to a high of $6.144. The trading volume reached $173 million, with a market capitalization of $1.73 billion, indicating a growing interest in this Solana-based AMM protocol.
Ponke, also listed on Bithumb, has seen a 20% price increase and is currently trading at $0.80. The token’s 24-hour range is between $0.68 and $0.84, while its trading volume reached $115 million. The Solana-based meme token has a market cap of $456 million and is seeing rising demand.
Listing on a major exchange typically boosts the price of a cryptocurrency by increasing traffic and exposure. BAN surged 80% after listing on Binance Futures. Such listings highlight the significant impact that exchange support has on crypto assets.
