Bithumb Announces Listing of NEIRO, MORPHO, and SUNDOG Tokens
Bithumb, a leading digital asset trading platform in South Korea, has announced the listing of Korean won trading pairs for meme coins Neiro #NEIRO and Sundog #SUNDOG, along with Morpho (MORPHO), a decentralized lending protocol on Ethereum. The announcement triggered bullish price movements for these altcoins.
The listing schedule is as follows: NEIRO at 06:00 PM (local time), MORPHO at 06:30 PM, and SUNDOG at 07:00 PM. Deposits will begin within three hours of the notice posting. Bithumb ranks as the second-largest exchange in South Korea and the 18th largest globally, with a spot trading volume of $4.58 billion.
NEIRO will be listed at 2,434 won ($1.72), MORPHO at 2,319 won ($1.64), and SUNDOG at 245 won ($0.17). Buy orders for these altcoins will be restricted for five minutes post-listing, while sell orders will be limited to -10% or less of the base price during the same timeframe.
Crypto exchange listings can lead to price fluctuations, making them significant events in the digital asset market. Bithumb's recent token listing activity includes the artificial intelligence token VIRTUAL, which saw a new all-time high following its debut. Similar price increases occurred with the listings of BounceBit #BB and SKALE #SKL.
This announcement occurs amid a downturn in South Korea's crypto markets after President Yoon Suk-yeol declared emergency martial law, impacting trading volumes significantly on major exchanges like Upbit, Bithumb, and Coinone.
SUNDOG, NEIRO, and MORPHO Prices Surge
Following their Bithumb listings, prices for SUNDOG, NEIRO, and MORPHO increased within 24 hours, with MORPHO rising by 17.44%. As of now, SUNDOG trades at $0.20 (+6.67%), NEIRO at $0.001818 (+4.29%), and MORPHO at $1.96.
Notably, SUNDOG has increased by 90.15% over the past month, while MORPHO and NEIRO have risen by 14.86% and 38.06%, respectively. However, all three altcoins remain down significantly from their all-time highs.