Key Points
- Bithumb launched BICO and PUFFER, supporting the KRW market.
- The coins’ price surged significantly, following the listing announcement.
The second largest crypto exchange in South Korea, Bithumb, listed two KRW pairs earlier today.
In the official listing announcement, Bithumb revealed the launch of Biconomy (BICO) and Puffer (PUFFER) at 3:00 PM, in South Korea hour.
The base price for BICO was listed at 480 KRW and the base price for PUFFER was listed at 422 KRW.
Following the exchange’s announcement, the coins’ price recorded significant surges.
BICO and PUFFER Prices Spiked
After Bithumb announced the launch of BICO, the coin recorded a price spike from around $0.32 to $0.35. The coin’s price trajectory continued to see an upward movement, reaching $0.38 earlier.
At the moment of writing this article, BICO is trading at $0.37, up by over 12% in the last 24 hours. The coin now has a market cap of around $327 million, surging from $289 million ahead of the listing announcement.
Last week, the team at Biconomy announced important achievements for the past month, including the following:
- Redefined blockchain transactions
- Accelerated chain abstraction
- Launching the ultimate Smart Account
- Pioneering a new era of AI-driven operations
Biconomy is a multichain relayer protocol, aiming to improve user onboarding and transaction experience on dApps. The project’s goal is to make Web3 products intuitive and easy to use.
After Bihtumb’s listing announcement, PUFFER also saw a significant price surge. The coin’s price spiked from $0.29 levels and a market cap of around $30 million to over $0.41 and a market cap of over $42 million.
At the time of writing this article, PUFFER is trading above $0.39, up by 33% in the past 24 hours and the coin has a market cap of over $40 million.
About an hour ago, LBank also announced the listing of PUFFER.
Puffer (PUFFER) is a decentralized platform created to enhance Ethereum’s scalability and security via innovative restaking and rollup solutions.
