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Jakarta, Pintu News – The cryptocurrency market was recently surprised by the significant price surge of the altcoin Flock (FLOCK) which reached a new record high after it was announced to be listed on two major exchanges, Coinbase from the United States and Upbit from South Korea.
Coinbase, through its X platform (formerly known as Twitter), announced it will be including several new altcoins to their trading list. Trading is scheduled to begin on or after 9:00 am Pacific time (PT) on September 9th.
This process will resume once a sufficient supply of tokens is available. Meanwhile, SPX, a meme coin, saw only a moderate price increase after this announcement. On the other hand, Flock (FLOCK) experienced a more noticeable increase. The price of this altcoin rose from $0.26 to $0.30, representing an increase of 15.38%. This increase reflects the market’s high enthusiasm for newly listed altcoins on large platforms like Coinbase.
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Shortly after Coinbase’s announcement, Upbit, a leading exchange in South Korea, also announced the addition of Flock (FLOCK) to their Korean Won (KRW) marketplace. This sparked an even stronger reaction from the market. Trading started at 12:00 noon Korean Standard Time (KST) and the price of Flock (FLOCK) jumped dramatically.
The price of this altcoin rose from $0.31 to $0.99, an increase of 219.35%, and reached a new record high. Although the price later adjusted to $0.50, this still signaled an appreciation of 84.37%. Flock’s (FLOCK) daily trading volume also surged, reaching $197 million, an increase of 2,051.30% from the previous day.
Bithumb and Upbit were the two exchanges that contributed the most to Flock (FLOCK) trading activity, with percentages of 23.2% and 22.9% respectively. This shows the significant influence these two exchanges have on the liquidity of the token. Support from regional exchanges such as Upbit, along with the strength of the Coinbase brand, successfully propelled Flock (FLOCK) into the global market spotlight.
With increased liquidity, it is expected that volatility and trading activity for Flock (FLOCK) will remain high. The combination of listing announcements by these two major exchanges has shown how support from regional exchanges can strengthen market momentum globally.
Flock (FLOCK)’s listing on Coinbase and Upbit has proven once again that announcements from major exchanges can have a significant impact on the price and liquidity of a cryptocurrency. These two exchanges, with their influence and reach, have managed to change the market dynamics for Flock (FLOCK), bringing it to unprecedented levels of price and trading activity.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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