🌎 Wormhole Token Jumps 20% After Upbit Listing Announcement

Wormhole’s Token Surges 20% Following Upbit Listing Announcement

The value of the Wormhole token (W) experienced a significant increase of 20% after South Korean cryptocurrency exchange Upbit announced its listing for trading on the KRW, BTC, and USDT markets.

Wormhole Token Price Surge

According to recent data, the Wormhole token’s price surged to $0.38, a notable jump from its previous price of $0.32. This increase follows the news of its listing on Upbit, South Korea’s largest cryptocurrency exchange. The W token currently boasts a market cap of $935 million and a total value locked of $3.2 billion.

Upbit’s Announcement

On October 2, Upbit announced the listing of Wormhole for spot trading pairs with Korean Won, Bitcoin, and Tether. Trading commenced at 18:00 UTC+8. Upbit has implemented a policy where sell orders priced less than 10% of the previous day’s closing price are restricted for approximately five minutes after trading support begins.

Wormhole’s Expansion and Features

Initially launched as a native token on Solana, Wormhole’s W token has since been listed on several prominent exchanges, including Binance and Kraken. The protocol has recently introduced Era3, a new standard for cross-chain interoperability. Era3 aims to facilitate easier multichain integration for applications, tokens, networks, and institutions.

In addition, Wormhole unveiled a governance staking feature for W token holders on June 3. This feature allows holders to stake their tokens to participate in governance decisions, promoting a more decentralized and community-driven management structure.

About Wormhole

Wormhole is a message passing protocol that connects various blockchains. It employs the Guardian Network for off-chain message delivery and verification, alongside its own message verification system. Wormhole provides developers with access to liquidity across more than 30 blockchains, and is utilized in diverse fields such as DeFi, NFTs, and governance staking.