 gains 160% minutes after listing on Upbit’s KRW market. Exchange imposes trading controls to manage volatility amid massive demand.){kind=link}
South Korea’s largest cryptocurrency exchange, Upbit, has officially listed Hyperlane (HYPER) on its Korean Won (KRW) market, igniting a dramatic 160% price increase within minutes of the announcement.
Trading for HYPER began on July 10, 2025, at 17:00 KST, using the Ethereum network.
The listing has positioned Hyperlane at the center of investor attention, with the token surging from its BTC market equivalent of 156.7 KRW to a peak of 407.4 KRW shortly after trading support went live.
The explosive movement highlights the significant influence Upbit holds in the Asian crypto market, particularly for newly listed assets.
yperlane’s Market Stats Show Explosive Growth and Massive Demand
Following its listing, Hyperlane (HYPER) recorded a 24-hour trading volume of $196.3 million, with its token price reaching $0.2893, reflecting a 160.58% increase in a single day and 169.03% over the past week.
With a circulating supply of 180 million tokens, HYPER’s market cap now stands at approximately $52.3 million.
These figures underscore overwhelming market demand and strong investor sentiment surrounding Hyperlane’s potential.
The listing not only made the token more accessible to Korean retail and institutional investors, but also substantially enhanced its global visibility.
Upbit Imposes Structured Trading Restrictions to Stabilize Volatility
To manage the initial surge and prevent extreme volatility, Upbit enforced several key trading restrictions immediately after launch.
Buy orders were temporarily restricted for five minutes, while sell orders set below 90% of the previous day’s closing price were also blocked for the same duration.
Furthermore, for the first two hours, only limit orders were permitted, disallowing all market and conditional orders.
These measures reflect Upbit’s ongoing commitment to maintaining fair trading conditions while protecting retail investors from price manipulation and flash crashes during high-volume token launches.
Also Read: KERNEL Token Price Surges By 28% Following Upbit’s Spot Trading Listing Announcement
Hyperlane’s Utility and Interoperability Appeal to Blockchain Developers
Hyperlane is more than just another altcoin, it’s a permissionless interoperability protocol that allows developers to connect and communicate across multiple blockchains.
The platform enables token transfers and messaging between different chains, simplifying the development of cross-chain decentralized applications (dApps).
HYPER, the native token of the Hyperlane ecosystem, is used for governance participation and staking, giving holders influence over key network parameters.
As blockchain technology moves toward a multi-chain future, Hyperlane’s infrastructure is likely to attract increasing attention from DeFi projects and developers alike.
Also Read: Upbit Announces Celestia and io .net Listings as Token Prices Surge 13% & 22% Respectively
Upbit Continues Trend of Influential Listings Following HYPER’s Success
Hyperlane’s rapid price escalation mirrors a broader pattern at Upbit, where listings have historically driven significant market momentum.
Just days before, Upbit announced listings for MOODENG, Altlayer (ALT), and Haedal Protocol (HAEDAL), each followed by double-digit price surges.
MOODENG, a Solana-based memecoin, spiked by 50%, while ALT and HAEDAL soared 99% and 22%, respectively.
Earlier in June, Ravencoin (RVN) saw a 90% price increase after its KRW market listing.
These developments signal Upbit’s growing impact on token valuations and market trends, with its listings becoming key catalysts for investor speculation and price rallies across the digital asset landscape.
Also Read: Upbit Announces Listing of PENGU Korean Won, BTC & USDT Trading Pairs, $PENGU Price Jumps By 23%