Altcoins Overflow Korean Exchanges, But Can Investors Navigate the Chaos?

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South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, aren’t strangers to drama, apparently expanding investor access to digital assets by announcing new crypto listings today – talk about optimistically calling it “expansion” rather than inviting chaos!

Upbit proudly announced the Sun Token (SUN) is now on the block. Meanwhile, Bithumb is in hot pursuit, turning its attention to 0G token, a newly minted favorite backed by an apparently high-profile corporate pivot that sounds more like a desperate career change.

SUN Token Takes a Dip at Upbit

SUN, acting as the governance token for SUN.io, serves a TRON-based decentralized finance platform that’s apparently taking every opportunity to try – and sometimes fail – at stablecoin swaps, yield farming, and self-governance. Yes, because the last thing the world needs is another platform that claims to have self-governance.

The official announcement burst forth like a headline: Upbit rolled out SUN trading on September 22 at 12:00 Korean Standard Time (KST). This token isn’t picky; it’ll play nice with the Korean won (KRW) and Tether (USDT). Who knew it could be so social?

For a moment, everyone held their breath as the exchange announced support for deposits and withdrawals on the TRON network – like any good soap opera, there’s always a plot twist. They even published the verified contract address – wait for it – TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S; enough letters for a game of Scrabble. But they warned: “Any transfers sent via other networks will not be processed.” If only life came with such clear-cut warnings, right?

“In accordance with the Travel Rule, deposits made from exchanges not included in the list of Virtual Asset Service Providers (VASPs) eligible for deposits/withdrawals cannot be processed. Returning such deposits may take a long time,” Upbit added. Concert tickets, anyone? But no, just your precious Sun tokens.

The crypto listing, like some magic wand, catalyzed a pump for SUN. It surged a respectable 36% from $0.025 to $0.034 – anyone feeling that adrenaline rush? By press time, it’d moderated, but still up more than 20% since the announcement. It’s a rollercoaster, but I prefer rollercoasters where my pants don’t fall off (though those are fun too).

Sun Token

The token’s rally has been almost superheroic, appreciating more than 50% this week. However, the novelty must run out sometime because trading activity seems to have slowed. CoinGecko data whispers that SUN’s daily trading volume has dropped 36%. That’s kind of a humbling conclusion.

Liquidity for SUN remains concentrated on global platforms, particularly HTX and Binance, but Upbit seems to have captured more than 12.54% of the trading volume in a mere handful of hours. It’s like suddenly learning your mentions on social media explode because you decided to share a cat video at the right time.

Bithumb Steps into the Spotlight with 0G Listing

In another corner of the room, Bithumb revealed they would school the 0G token, a cryptocurrency native to the AI infrastructure project called 0G – which sounds far more organized than the scramble I imagine goes into daily tasks. Trading will commence at 7:00 PM KST, but who could argue with the time limit?

On the flip side, Binance – as predictably pompous as ever – is readying its grand announcement for the 0G (0G) HODLer Airdrop. Daniel Reis-Faria of Flora Growth Corp. even chimed in, saying, “AI isn’t just transforming what companies do, it’s transforming how they must build infrastructure.” I’m not sure I want AI helping me build infrastructure, I’m just worried it’ll figure out how to build a better IKEA or something.

“AI isn’t just transforming what companies do, it’s transforming how they must build infrastructure. This treasury strategy offers institutional investors equity-based exposure to the foundational infrastructure enabling transparent, verifiable, large-scale, cost-efficient, and privacy-first AI development,” gushed Daniel Reis-Faria, sounding like he’s describing the newest skincare regimen promising eternal life.

With 0G token preparing to burst onto the scene, people are nervously wondering whether institutional backing and high-profile exchange listings will lead to sustained adoption or if volatility will play the diva on opening night.

Let’s keep fingers crossed for some semblance of balance, shall we? Or maybe, just maybe, we should start learning the sun salutations because this token might just light us up – in unpredictable ways, naturally.

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2025-09-22 09:27