Upbit and Bithumb Listings Trigger Price Surges for Raydium, Forta, and Huma Amid South Korea’s Booming Crypto Market
South Korea’s crypto market is witnessing renewed activity as top exchanges Upbit and Bithumb announced the listing of Raydium (RAY), Forta (FORT), and Huma Finance (HUMA). Upon listing, RAY surged 34.3%, rebounding from a prior 27.3% decline, and saw its market capitalization leap from $500 million to over $655 million. FORT’s price jumped 52.2% after being listed on Bithumb, and HUMA posted a double-digit gain. These strong exchange-driven rallies reflect the significant influence Korean platforms have on cryptocurrency liquidity and price action, particularly with the nation’s KRW-denominated crypto trading volume nearing $663 billion in 2025, making South Korea the world’s second-largest crypto market. With roughly a third of South Korean adults holding cryptocurrencies, market participation is robust, outpacing the US. However, traders should be mindful of ongoing hurdles like fragmented markets, limited stablecoin use, and the persistent ’kimchi premium.’ While token listings on Upbit and Bithumb consistently spark short-term volatility and improved liquidity, the longevity of these price surges depends on broader market trends and regulatory changes. Crypto traders should watch for new token listings and policy shifts in South Korea for future trading opportunities as the country’s influence in the global crypto sector continues to grow.
Bullish
The listings of Raydium (RAY), Forta (FORT), and Huma Finance (HUMA) on major South Korean exchanges Upbit and Bithumb resulted in immediate and significant price surges, reflecting strong demand and enhanced liquidity. Such exchange listings in South Korea have a historical pattern of triggering rapid, short-term price rallies and greater market attention, given the country’s large trading volumes and high retail participation. While these gains may face corrections and their sustainability depends on wider market and regulatory factors, the immediate impact is clearly bullish for the listed tokens. Traders should be watchful for future listing announcements and related regulatory developments in this high-activity market.