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Ancient8 (A8) Price Rockets 30% And Drift Token Up 7% Post Major Listing
Bithumb, one of South Korea’s leading cryptocurrency exchanges, has listed Ancient8 (A8) and Drift (DRIFT) tokens on its platform. Following the announcement, A8 price surged by 30%, while the other token gained 7%, showcasing strong investor interest. The listings further reinforce the growing appeal of Web3 gaming and decentralized trading solutions among global investors.
Bithumb Announces Ancient8 and Drift Listing
On January 14, Bithumb announced the listing of Ancient8 and Drift tokens on its platform, adding them to the KRW pairs. Deposits and withdrawals opened within two hours of the announcement, while trading began at 5:00 PM.
A8 debuted at a base price of 429 won, supported on the Ethereum network, requiring 33 deposit confirmations. DRIFT was introduced at 1,605 won, operating on the Solana network, with 20 deposit confirmations. Both tokens are anticipated to attract significant trading activity due to their unique features and use cases.
The inclusion of these tokens highlights the exchange’s commitment to supporting innovative projects in the crypto ecosystem.
Bithumb Trading Rules and Restrictions
To ensure a secure trading environment, Bithumb has implemented temporary transaction restrictions for these new listings. Buying orders are restricted for the first five minutes after trading begins, while selling orders are limited during the same period, preventing prices from dropping below 10% or exceeding 100% of the base price.
Additionally, deposits and withdrawals are supported only through recognized networks. Deposits via unsupported networks will not be processed, and users are advised to double-check the address and network before initiating transactions.
A8 and DRIFT Crypto Tokens Performance
Following the listing announcement, Ancient8 (A8) price saw a 30% surge, with the price now trading at $0.3293. Its 24-hour low and high are $0.25 and $0.3756, respectively. It has a market cap of $76.74 million, and trading volume has increased by 265% after the announcement and is now at $6 million.
Similarly, DRIFT price was trading at $1.183, marking a 7% increase in the last 24 hours. The token rose over 140% in the last quarter. It has a market cap of $324 million and a trading volume of $88 million, which marks a whopping 365% increase in the last 24 hours. Crypto investor Da’G recently shared on X that the token is poised for a breakout, targeting $5 as its near-term goal.
Listings on major exchanges often lead to price spikes by increasing trader and investor access. As seen with Zircuit price surged 35% after the listing announcement on Bithumb platform listing.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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