Upbit, South Korea’s largest cryptocurrency exchange by trading volume, has announced the listing of ZORA today. Trading will commence at 13:30 Korean Standard Time (KST), leading to a double-digit price increase and renewed interest in the creator-focused platform.
In addition to Upbit, another major South Korean exchange, Bithumb, has disclosed plans to add trading support for three altcoins on its spot trading platform.
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ZORA Will Go Live on Upbit Today
The official announcement states that ZORA will be available for trading against KRW, BTC, and USDT on the Base network. The exchange has urged users to deposit solely through the supported network and contract address to avoid delays or lost funds.
“The contract address for ZORA supported by Upbit is 0x1111111111166b7fe7bd91427724b487980afc69. Please verify this address when depositing or withdrawing ZORA,” emphasized the notice.
To help stabilize early trading activity, Upbit will implement temporary restrictions. During the first five minutes post-launch, buy orders and low-priced sell orders will be limited, with only limit orders permitted for the first two hours.
The market reacted swiftly, with ZORA’s price climbing from around $0.094 to $0.11, marking an increase of about 17% after Upbit’s announcement.
This price surge resembles the rise during October’s Robinhood addition, which saw ZORA increase over 77% with daily volumes exceeding $500 million. Although still below its $0.14 all-time high, on-chain data indicates continuous demand and stable token creation within the protocol.
Ecosystem Growth: Creator Coins and the Believe Fund
Aside from price movements, Zora’s ecosystem is also growing, potentially enhancing momentum. The Base network, which underpins ZORA, recently introduced creator coins in its app. This initiative aims to provide creators direct ownership of their work and allows fans to share in their success.
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“Creator coins are in early access. We’re initially working with a small group to establish the foundation and develop the best tools to support them. These coins enable creators to: Create and earn on a global platform, Build lasting value from their content, benefiting from long-term growth and active trading, Reward their audience,” stated the announcement.
The Zora network also unveiled the Believe Fund, aimed at accelerating its vision for a new creator economy by supporting emerging talent through blockchain-based funding. The fund will commit 20 million ZORA tokens to support the ‘next generation of creators,’ helping them establish sustainable value within the decentralized ecosystem.
“In the coming months, the Believe Fund will begin deploying capital and enhancing liquidity for creator coins within Zora’s expanding economy. The thesis is straightforward: Believe in someone,” Zora wrote.
While optimism remains strong, the impending token unlock could pose challenges for ZORA’s current upward trajectory. Tokenomist data indicates that on October 30, the network will release 166.67 million ZORA tokens — approximately 1.67% of the total supply. This event may lead to short-term volatility.
Bithumb Announces 3 New Altcoin Listings
Meanwhile, Bithumb also informed users about the listing of Infinit (IN), Doodles (DOOD), and YieldBasis (YB) on its KRW trading market, expanding its asset lineup. According to the announcement, trading for IN and DOOD will commence on October 17 at 4:00 PM (KST), while YB will launch an hour later at 5:00 PM.
Deposits and withdrawals for all three tokens will be accessible within three hours of the notice. This announcement also resulted in modest gains for all three altcoins.
IN experienced a 6.78% increase following Bithumb’s notification. Furthermore, DOOD and YB saw slightly larger increases of 8.37% and 8.41%, respectively.
