Mina Protocol's native token, MINA, is leading the altcoin rally with a 120% increase in the last 24 hours. The crypto asset rose to $0.91 on October 24. Recent price action has pushed MINA back to levels seen in March this year, although the token has fallen back slightly below its local peak. The reason for this sudden rise can be attributed to South Korea's largest exchange UpBit announcing that it will list MINA's Korean fiat currency trading pair. 🚀📈

According to the statement made to UpBit, deposits must be made through the MINA network and deposits from other blockchains such as Binance Smart Chain cannot be supported. The crypto exchange also stated that it plans to implement various trading restrictions for MINA.

Mina was originally known as Coda Protocol. It underwent a rebranding in August 2019 due to a legal dispute initiated by R3. The company raised $3.5 million in May 2018 and an additional $15 million in April 2019. Prominent backers include Circle, Coinbase Ventures, FTX Ventures, now-shuttered hedge fund Three Arrows Capital (3AC) and Dragonfly Capital. The Mina blockchain is currently managed by the Mina Foundation, a non-profit organization responsible for overseeing the network, similar to the Ethereum Foundation.