Bithumb Listing Causes HAEDAL Token to Surge Over 25%
The HAEDAL token rose over 25% in the last 24 hours, reaching $0.1602 after being listed on Bithumb, a major South Korean exchange. The token approached its all-time high of $0.1744 set three days ago.
- Market cap now at $31.16 million, indicating increased investor interest.
- Bithumb announced support for KRW trading pairs starting May 2, 2025.
- HAEDAL's derivatives trading saw open interest rise 128% to over $40 million.
- Funding rate steady at 0.0050%, reflecting balanced positions and institutional interest.
HAEDAL serves as the governance and utility token for the Haedal Protocol, a liquid staking platform on the Sui blockchain. Users can stake SUI or WAL tokens to receive yield-bearing tokens while maintaining liquidity.
Notably, Bithumb has been designated a public disclosure target by South Korea’s Fair Trade Commission, classified as a conglomerate due to its growth amid increased virtual asset trading, leading to stricter compliance requirements for token listings.