Upbit, one of the leading global digital asset exchanges, has officially announced the listing of Celestia (TIA) and io.net (IO), driving a significant surge in the tokens’ market values.
The listing was confirmed on May 8 at 16:26 KST, with trading scheduled to begin at 19:00 KST the same day.
Trading support includes KRW, BTC, and USDT pairs for Celestia, and BTC and USDT pairs for io.net.
The timely announcement comes as investor interest in modular blockchain and decentralized GPU infrastructure continues to grow, catalyzing rapid movement in both tokens’ prices.
Upbit Enforces Structured Trading and Deposit Regulations
To ensure a secure launch, Upbit has implemented strict trading conditions during the initial listing phase.
For the first five minutes after trading starts, buy orders will be restricted, and sell orders priced more than 10% below the previous day’s closing price will not be accepted.
Additionally, only limit orders will be permitted during the first hour of trading to prevent excessive volatility.
Users must also deposit using designated networks, Celestia’s own for TIA, and Solana for IO, to avoid technical errors or lengthy delays.
Notably, the deposit address for IO on Upbit is explicitly provided, and any failure to use the correct one could lead to irreversible errors or extended return processes.
Also Read: Upbit’s Compound Token Listing Announcement Leads To $COMP Token Surge By Over 39%
Celestia and io.net Offer Cutting-Edge Blockchain Use Cases
Celestia is being recognized as a pioneering modular data availability (DA) network built on the Cosmos SDK.
It allows developers to build scalable blockchains with minimal complexity, solving the long-standing data availability problem via Data Availability Sampling (DAS) and Namespaced Merkle Trees (NMTs).
These innovations make it ideal for powering sovereign rollups and Layer-2 solutions on Ethereum.
On the other hand, io.net presents a decentralized GPU computing network that pools over a million GPUs from independent sources to provide scalable, cost-effective computing for AI and machine learning developers.
Also Read: Bithumb and Upbit Announce The Delisting of HIFI, $HIFI Token Dropped By 9%
Token Prices Respond to Upbit Listing With Double-Digit Gains
Following the announcement, IO surged 22.20%, reaching a price of $0.8892 with a 24-hour trading volume of over $90.9 million, boosting its market cap to approximately $139.9 million.
Similarly, Celestia (TIA) climbed 13.01%, trading at $2.70, with a significantly higher volume of $171.8 million, reflecting strong market momentum.
While IO has also posted a 10.37% gain over the past week, TIA still shows a -1.97% decline for the same period, indicating that IO’s momentum may be more sustained.
These spikes highlight how Upbit’s listings have become a key market driver for altcoin exposure in Asia and beyond.
Also Read: South Korea’s Upbit Adds $DEEP Trading Pair, Sparks Price Rally to 32%