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Bithumb To List Vitalik Buterin-Backed ETH Layer 2 Project & Top Meme Coin
Bithumb, South Korea’s second-largest crypto exchange, has revealed plans to list BRETT and TAIKO in Korean won markets on July 9 at 18:00 local time. TAIKO is a zkEVM Ethereum layer 2 network that has received support from Vitalik Buterin. BRETT is a prominent meme coin built on the Base chain. Both cryptocurrencies have seen significant price increases following the listing announcement, reflecting investor enthusiasm.
Listing Details and Market Impact
Bithumb has officially scheduled the launch of BRETT and TAIKO trading in the Korean won market for July 9 at 18:00 local time. This announcement has generated substantial excitement and trading activity among investors, driving significant price surges for both BRETT and TAIKO.
TAIKO, a zkEVM Ethereum layer 2 network backed by Vitalik Buterin, will be listed with a base price of 2,938 won. The exchange has set the number of required deposit confirmations at 30 for TAIKO transactions. This relatively low number of confirmations suggests a balance between security and transaction speed, which could appeal to traders looking for efficient transactions.
BRETT, a popular meme coin deployed on the Base chain, will enter the market with a base price of 149 won. Bithumb has set a higher bar for BRETT transactions, requiring 200 deposit confirmations. This increased number of confirmations might indicate a more cautious approach to the meme coin, possibly due to the volatile nature of such tokens.
The listing on Bithumb, one of the largest cryptocurrency exchanges in the highly active South Korean market, represents a significant milestone for both BRETT and TAIKO. This move is expected to substantially boost their visibility and trading volume. The increased exposure on a major platform like Bithumb not only enhances the liquidity of these tokens but also attracts a new pool of investors, potentially contributing to their upward price momentum.
Furthermore, the listing on a reputable exchange like Bithumb may be seen as a form of validation for these projects, especially for TAIKO, given its association with Ethereum co-founder Vitalik Buterin. This could lead to increased confidence among investors and potentially pave the way for listings on other major exchanges in the future.
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Current Market Performance and Future Outlook
As of the latest data, Brett (BRETT) is trading at $0.1239, with a 24-hour trading volume of $83.9 million and a 7.41% price increase over the past day. Its market capitalization stands at $1.2 billion, based on a circulating supply of 9.9 billion BRETT.
Taiko (TAIKO) is priced at $2.28, with a 24-hour trading volume of $57.1 million and a 10.92% price increase in the last 24 hours. Its market cap is $144.6 million, with a circulating supply of 63 million TAIKO.
The substantial price movements following the Bithumb listing announcement indicate positive market reception and suggest potential for further growth. As BRETT and TAIKO continue to gain traction, their listing on a prominent exchange like Bithumb is anticipated to boost investor confidence and encourage wider market adoption.
Also Read: SOL Price Surges 6% Following Cboe Filing for Spot Solana ETF
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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