Upbit and Bithumb, South Korea’s two largest cryptocurrency exchanges, have made announcements today regarding new crypto listings, enhancing access for investors to digital assets.
Upbit has added the Sun Token (SUN) to its offerings. Concurrently, Bithumb has revealed plans to support the 0G token, a newcomer with backing from a notable corporate shift.
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Launch of SUN Token on Upbit
The SUN token operates as the governance token for SUN.io, a TRON-based decentralized finance (DeFi) platform providing stablecoin swaps, yield farming, and self-governance functionality.
As per the official release, Upbit commenced trading for SUN on September 22 at 12:00 Korean Standard Time (KST). The token is available for trading against the Korean won (KRW) and Tether (USDT).
In addition, the exchange confirmed that deposits and withdrawals are supported via the TRON network. Upbit also shared the verified contract address — TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S — and warned that transfers made through other networks will not be accepted.
“Deposits from exchanges not recognized as Virtual Asset Service Providers (VASPs) under the Travel Rule cannot be processed. Returning such deposits may take time,” Upbit stated.
This listing contributes to a recent trend of altcoin integrations on the platform. Following similar past additions, Upbit’s announcement triggered a price increase for SUN.
SUN saw a rise of 36%, climbing from $0.025 to $0.034, before stabilizing at $0.030, representing a more than 20% increase since the announcement.
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The token’s value increase contributes to a robust week, with SUN appreciating over 50%. However, trading activity has slowed, as CoinGecko data indicates a 36% drop in daily trading volume.
Liquidity for SUN is primarily concentrated on global platforms like HTX and Binance. Nevertheless, Upbit has quickly captured over 12.54% of trading volume just hours after the listing.
Bithumb Unveils 0G Listing
On the other hand, Bithumb announced its plan to support the 0G token, associated with the AI infrastructure initiative 0G. The exchange noted that trading will begin at 7:00 PM KST, with the altcoin available against KRW.
In addition to Bithumb, the token will also be featured on Binance, the largest cryptocurrency exchange.
Despite being new, the 0G token has already attracted significant institutional interest. Flora Growth Corp. (FLGC) has pledged $401 million to execute a 0G treasury strategy.
“AI is not just changing business operations; it’s redefining infrastructure development. This treasury strategy provides institutional investors with equity-based exposure to the foundational infrastructure required for transparent, verifiable, large-scale, cost-efficient, and privacy-first AI advancement,” Daniel Reis-Faria, the incoming Flora Growth CEO, remarked.
As the launch of the 0G token approaches, market observers will be keen to see if the backing from institutions and prominent exchange listings lead to ongoing adoption, or if early trading will be marked by volatility.
