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Upbit, South Korea’s leading cryptocurrency exchange, has recently listed two promising tokens, AltLayer (ALT) and Haedal, sparking notable market activity despite a brief delay in Haedal’s listing.
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The token listings have consistently triggered significant price surges, with both ALT and Haedal experiencing sharp increases following Upbit’s announcements.
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According to COINOTAG sources, Haedal’s price trajectory closely mirrors that of ALT, demonstrating resilience even amid the short postponement of its official listing.
Upbit’s listing of AltLayer and Haedal tokens drives strong price momentum in South Korea’s crypto market, highlighting the exchange’s influence and growing investor interest.
Upbit Listing Boosts Token Prices Amid Market Recovery
Upbit, the largest cryptocurrency exchange in South Korea, has played a pivotal role in revitalizing token prices following the lifting of a three-month business restriction by local courts. The recent addition of AltLayer (ALT) and Haedal tokens to its platform has led to immediate and substantial price rallies, underscoring the exchange’s market-moving power. ALT’s listing on June 16 marked a significant event, with the token’s value briefly doubling, reflecting renewed investor confidence in blockchain rollup technologies. Meanwhile, Haedal’s listing, initially scheduled for the same day, was postponed to June 17, yet this delay did not materially dampen its price momentum.
AltLayer and Haedal: Divergent Paths, Similar Outcomes
AltLayer, a decentralized protocol focused on blockchain rollups, has experienced a fluctuating price trend since its launch last year. Despite a notable $100 million token unlock, ALT’s value had been on a downward trajectory until Upbit’s listing catalyzed a sharp rebound. Conversely, Haedal, a liquid staking token that launched its Token Generation Event (TGE) in May 2025, is relatively new to the market. Its initial surge was propelled by a Binance-hosted airdrop, which lifted its price by over 60%. Upbit’s subsequent listing announcement, although delayed, contributed to sustaining Haedal’s upward price movement, illustrating the exchange’s significant influence on emerging tokens.
The brief postponement of Haedal’s listing was officially acknowledged by Upbit, which apologized for the inconvenience without providing specific reasons. Despite this, both tokens exhibited similar price patterns characterized by sharp spikes followed by stabilization at higher levels than before the listings. This pattern suggests strong market demand and investor optimism surrounding these assets, even in the face of minor operational delays.
Regulatory Landscape and Market Implications in South Korea
South Korea remains one of the most dynamic and rapidly expanding cryptocurrency markets in Asia, with regulatory frameworks evolving to balance innovation and investor protection. Upbit’s ability to resume token listings after regulatory scrutiny signals a positive shift in the local crypto ecosystem. The exchange’s strategic listings of ALT and Haedal not only boost individual token valuations but also reaffirm South Korea’s role as a key player in the global crypto landscape. Market participants are closely monitoring these developments, as they may set precedents for future token approvals and listings within the region.
Investor Sentiment and Future Outlook
The immediate price reactions to Upbit’s listings highlight strong investor appetite for both established and emerging blockchain projects. AltLayer’s focus on scalable rollups aligns with broader industry trends toward enhancing blockchain efficiency, while Haedal’s liquid staking model taps into growing demand for decentralized finance (DeFi) solutions. Investors are advised to conduct thorough due diligence, considering both the technical fundamentals and market conditions. Upbit’s continued role as a catalyst for price movements underscores the importance of exchange listings in shaping token trajectories.
Conclusion
Upbit’s recent listings of AltLayer and Haedal tokens have demonstrated the exchange’s significant influence in South Korea’s crypto market, driving notable price surges despite minor operational delays. These developments reflect growing investor confidence in innovative blockchain projects and signal a positive regulatory environment conducive to market growth. As South Korea continues to expand its crypto ecosystem, Upbit’s strategic token additions will likely remain a key factor in shaping market dynamics and investor opportunities.
