Kaia traded ₩96B, about $70M, on Upbit in under three hours after listing tonight. Bitcoin and Ether together did about ₩80B there since 9 AM Seoul time.
Upbit opened KAIA trading at 6:30 PM Seoul (3:30 PM Dhaka) on its won, BTC and USDT markets. The first won trade printed ₩67. It hit ₩92.3 around 7:20 PM and sits near ₩73.7 now. That one pair is about 11.5% of all won volume on Upbit today.
Kaia is the merged Klaytn (Kakao) and Finschia (LINE) chain. Korean outlets have long tied Klaytn's absence from Upbit to Kakao's stake in Upbit's operator Dunamu, 10.59% through Kakao Investment as of Dec 2024. Kaia chairman Seo Sangmin, per Blockmedia: "Sorry for keeping you waiting so long."
By our math, the peak was 78% above Thursday's close of about ₩51.8. At ₩73.7, KAIA has handed back about 46% of that jump.
Two years and eight months to get listed. Two hours to give back almost half the pop.
$KAIA
#Upbit #Altcoins
NFA. DYOR.
Upbit opened KAIA trading at 6:30 PM Seoul (3:30 PM Dhaka) on its won, BTC and USDT markets. The first won trade printed ₩67. It hit ₩92.3 around 7:20 PM and sits near ₩73.7 now. That one pair is about 11.5% of all won volume on Upbit today.
Kaia is the merged Klaytn (Kakao) and Finschia (LINE) chain. Korean outlets have long tied Klaytn's absence from Upbit to Kakao's stake in Upbit's operator Dunamu, 10.59% through Kakao Investment as of Dec 2024. Kaia chairman Seo Sangmin, per Blockmedia: "Sorry for keeping you waiting so long."
By our math, the peak was 78% above Thursday's close of about ₩51.8. At ₩73.7, KAIA has handed back about 46% of that jump.
Two years and eight months to get listed. Two hours to give back almost half the pop.
$KAIA
#Upbit #Altcoins
NFA. DYOR.