Key Takeaways
- Solana-based tokens Raydium and Ponke are listed on Bithumb’s KRW market.
- The tokens are listed on November 19, 2024, boosting the market visibility and access to potential investors.
- Following the listing on the popular exchange, Ponke surges to 20% and Raytdium to 10%.
- Bithumb is a leading South Korean cryptocurrency exchange that has gained immense popularity.
Getting listed on major exchanges is always a milestone for cryptocurrencies. The listing transforms the potential of the token as it reaches a wider investor database. Similar to this pattern, Ponke and Raydium surge in price after theory gets listed on Bithumb. The exchange is a prominent platform that functions in South Korea.
Ponke is a meme coin based on the Solana network and Raydium is an AAM (Automated Market Maker) protocol and liquidity marker of the Solana network. The listing initiates a price hike for both cryptocurrencies. Rayodum witnessed a surge of 10% while Ponke has increased by 20%.
The addition reflects positive navigation of the crypto projects and the focus of the exchange to expand its trading options for the customers. The listing made a huge impact on the exchange and the project and sparked interest among the traders to invest in the project.
Listing of Raydium and Ponke: Market Reaction
Bithumb confirmed the listing of Raydium and Ponke on November 19, 2024. The listing signifies the acceptance and popularity of the Solana-based projects. Within hours of the listing announcement, both crypto projects have gained rapid user engagement. This showcases the acceptance of the projects within the crypto community. The formal trading will be commenced on Tuesday at 17:00 KST.
The price of Raydoum reached $5.90 representing a price hike of 10%. The price range of RAY fluctuated between the lowest $5.59 and the highest $6.44 within 24 hours. The market capitalization of Raydium has reached $1.73 billion and its trading volume is $173 million. The numbers indicate the growing interest in the Solana based token.
The listing of Ponke in Bitchumnb showcased an increase of 20%. The token is currently trading at $0.80. The 24-hour price range of the token is between $0.68 and $0.84. The market capitalization of Ponke has reached $456 million. This uptick in the token indicates the acceptance of the Solana network and Bithumb exchange.
Raydium and Ponke: Major Analysis
The most popular exchange that currently caters to Rayidum is Gate.io. It has a trading volume of $9,271,228 with an active trading pair RAY/USDT. The token is also available on OrangeX and OKX. The lowest recorder price of the token was $0.1344. This was recorded on December 29, 2022. Compared to the lowest price, Raydium now surged by 3,903.31%. The price of the token has increased by 29.20% in the last seven days. The total and maximum supply of the token is 555,000,000. The fully diluted version of RAY is $2,982,133,467.
Ponke tokens are traded on centralized crypto exchanges and the most popular option is Gate.io. It has a trading volume of $20,250,961 and an active trading pair PONKE/USDT. Bybit and MEXC are other trading options available. PONKE’s lowest recorded price was $0.00928 and that was recorded on January 03, 2024. Compared to the recorded lowest price of the token, it has increased by 7,526.90%. The total supply of PONKE is 555,543,595 and the maximum price is 555,555,555. The fully diluted valuation is $393,380,017.
Final Thoughts
Both projects have witnessed substantial price hikes after the listing. The visibility of the token has reached potential investors through the exchange listing. Bithumb being a major crypto exchange in South Korea enhances the growth of the crypto projects through listing. The rapid price surge indicates the role of crypto exchanges in maintaining the equilibrium of the projects within the crypto market.
As per the analysis, the value of both tokens will be increased in the coming future. More investors are visibility interested in being a part of Raydium and Ponke. However, investments of any kind within the crypto market require your attention and research.
