ARKM Token Surged 55% After Getting Listed on South Korea's Upbit

ARKM surged up to 55% after getting listed on South Korea's Upbit. However, the price dropped sharply, giving up most of its increase within a few hours.

ARKM is up 55% after getting listed on Upbit Korea. However, the price dropped sharply, giving up most of its increase within a few hours.

With the current decline in the cryptocurrency market, virtually all cryptocurrency are affected both Bitcoin and other popular altcoins. Bitcoin fell to around $76K, while Ether, XRP, Solana, DOGE, and ADA also saw significant losses. However, a few tokens like ARKM and RAD has managed to rise in value despite this downturn.

ARKM Surges After Upbit Listing News

On Friday, Upbit Korea announced the listing of the altcoin in its USD market. Trading of the asset will start at 16:00 KST on Tuesday, marking its official launch on the platform.

Credit: Upbit Korea

Arkham’s ARKM token saw a huge rise, jumping from $0.47 to $0.70 in just 10 minutes after the announcement of the listing, and it briefly pushed its market cap above $220 million and trading volume skyrocketed by 473%, showcasing the strong interest from investors. As of press time, the token is trading at $0.5360.

The post Arkham’s ARKM Soars 55% With Upbit Listing, Is The Rally Over? appeared first on Token Post | A Blockchain and Web3 Community.

While many assets struggles in a bearish market, this token stood out with profitable gains. Community sentiment remains positive despite the overall market downturn.

Arkham Intelligence, a blockchain analytics platform, has introduced a new tool that helps tracks the wallets of X users with over 100,000 followers, labeling them as Key Opinion Leaders (KOLs).

This feature allows users to monitor transactions from influential figures in the crypto space. Arkham is also known for reporting large movements of funds by major players in the space, and this update expands its tracking capabilities. Another factor driving interest in ARKM, is the recently launched platform’s native token, is its recent listing on Upbit, one of the largest crypto exchanges.

The token is used for trading fee discounts, rewards, and governance within the ecosystem. Additionally, Arkham’s expansion into China has now increased it’s demand, as more traders in the region gain access. Meanwhile, whale activity around ARKM has risen, with data showing a growing number of large holders accumulating between 10,000 and 10 million tokens, signaling confidence in the token in the long-term run.Related: 21Shares Slashes Fees, Lists Bitcoin Ethereum ETP on Xetra