South Korea’s leading cryptocurrency exchange, Upbit, has officially announced the listing of Altlayer (ALT) and Haedal Protocol (HAEDAL) tokens on its platform, scheduled to go live at 7:00 PM KST on June 16, 2025.
ALT will be available for trading in KRW and USDT pairs, while HAEDAL will be listed with BTC and USDT pairs.
The strategic move by Upbit expands access to two rapidly emerging crypto projects.
Altlayer, known for its Rollup-as-a-Service (RaaS) infrastructure for building decentralized applications without deep blockchain expertise.
Haedal Protocol, on the other hand is a liquid staking solution built on the Sui network.
The announcement immediately sparked intense interest and trading volume, with both tokens registering significant price movements within hours.
Listing Protocols and Risk Warnings Accompany New Market Access
Upbit has implemented strict trading and deposit protocols to ensure a secure and stable listing environment.
ALT deposits must occur only via the Ethereum network, and Upbit has published a specific contract address to avoid incorrect deposits.
Trading restrictions will also be in place initially, buy orders are restricted for 5 minutes post-listing, and only limit orders are permitted for the first 2 hours.
Upbit has also issued standard investment risk disclaimers, warning that digital assets remain volatile and subject to regulatory pressures.
They’ve urged users to conduct due diligence using official project sources, including the AltLayer and Haedal Protocol websites, whitepapers, and social media channels.
Also Read: Upbit Announces Listing of Ravencoin in Korean Won Trading Market Leading to 90% Surge In $RVN Price
Strategic Significance and Future Outlook for ALT and HAEDAL
The listings signal not just a strong vote of confidence from Upbit but also broader interest in infrastructure and DeFi-centric projects.
Altlayer’s RaaS and Actively Validated Services (AVS) offer a plug-and-play model for rollup creation with enhanced security and interoperability.
The plan is to make it appealing for developers and institutional stakeholders alike.
Meanwhile, Haedal Protocol, leveraging the Sui blockchain, taps into the growing demand for liquid staking solutions, a crucial DeFi use case that enhances capital efficiency.
With Upbit’s global reach and rigorous listing process, both projects are now positioned for increased liquidity, visibility, and investor engagement.
By so doing, the stage is set for further price action and potential ecosystem expansion.
Also Read: Upbit Announces FLOCK Token Listing Leading to a 52% Price Surge
Immediate Market Impact: ALT Surges 99%, HAEDAL Climbs Over 22%
Following Upbit’s listing announcement, both ALT and HAEDAL experienced sharp upward price movements.
ALT soared by nearly 99%, reaching a trading price of $0.04926, and boasting a 24-hour trading volume exceeding $46.8 million.
It now holds a market cap of over $174 million with a circulating supply of 3.5 billion tokens.
In parallel, HAEDAL rose by 22.49%, reaching $0.1223, with over $28 million traded within the same period.
While HAEDAL’s 7-day price remains relatively flat (-0.11%), today’s price action reflects strong market enthusiasm likely fueled by the Upbit listing and the exposure it brings.
Investors were particularly drawn by the immediate accessibility of both tokens to Korean and global markets through KRW, USDT, and BTC pairs.