Upbit Lists 9 Altcoins, Briefly Setting Off The “Upbit Effect”

Upbit announced its listing nine new tokens today (June 19), and the market is already reacting with classic Upbit chaos. The tokens include LDO, PAXG, MORPHO, OSMO, AMP, KMNO, PEAQ, LIT, and GRAM — rolling out in a staggered schedule from 3 PM to 7 PM in Korean time.

Traders know the drill: when Upbit lists something, prices often go crazy in the short term. This time though, the reaction is uneven. Some tokens like PEAQ shot up hard right away, while others showed only modest pops or even dipped after the announcement.

Upbit is playing it smart with tight guardrails:

They’re clearly trying to avoid total mayhem.

Upbit just gave the altcoin market a fresh shot of adrenaline with nine new listings. While the “Upbit Effect” is in full swing, the mixed early price action shows that not every token is getting the same love.

South Korea’s retail army is awake and hunting — expect some serious volatility as these tokens find their footing.

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