Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of three innovative projects: Hyperlane (HYPER), RedStone (RED), and Sophon (SOPH). These listings are set to boost market liquidity and accessibility for investors.
The exchange will list HYPER and RED on May 27th at 19:00 South Korean time, enabling trading in the BTC and USDT markets. This listing marks a significant step forward for the interoperability layer HYPER, and the fast-growing yield-bearing oracle platform RED. Both projects see strong growth potential due to their unique applications within the blockchain ecosystem.
Upbit’s SOPH listing is anticipated to occur on May 28th across multiple exchanges such as Bitget, KuCoin, OKX, among others. The exact trading details for SOPH will be announced soon.
Following the announcements, prices of HYPER and RED experienced significant surges, reflecting investor excitement in the projects’ potential.
HYPER saw a price increase of over 4% within a short period, reaching a market cap of over $30 million after Upbit revealed the listing. The price has since moderated but remains above $0.17, demonstrating strong investor interest.
RED also witnessed notable price gains, exceeding the initial price by over 2%. Its market cap surged to over $122 million and is currently trading above $0.43.