Mina Protocol (MINA) Skyrockets Over 100% After Listing on Upbit Exchange
In a significant development on October 24, the price of MINA, the native token of the Mina Protocol, surged by more than 100% within a 24-hour period following its listing on the Upbit exchange.
Upbit, a prominent cryptocurrency exchange operating in South Korea, announced the listing of MINA in the Korean market. The trading for MINA was officially opened at 2:00 PM on the same day.
Upbit has been known to trigger rapid price increases for tokens listed on its platform. For instance, in June 2023, the BLUR token saw a substantial increase of over 30% shortly after being listed for trading on the platform.
Similarly, in the past 24 hours, the price of the MINA token surged by more than 100% after its listing on Upbit. According to CoinGecko, the trading volume of MINA exceeded 337,000,000 USD, marking an impressive 2,400% increase compared to the previous day. Currently, MINA is trading at around $0.84 USD.
Mina Protocol is renowned for being the world’s lightest blockchain platform. Mina’s primary goal is to create a secure infrastructure similar to Ethereum but with a much lighter footprint. Previously known as Coda Protocol, Mina Protocol was introduced on March 23, 2021.
The surge in MINA’s price appears to be influenced by the broader market’s upward movement. On October 24, Bitcoin experienced an unexpected surge, surpassing $35,820 USD, following the news of BlackRock’s Bitcoin ETF appearing on the DTCC website. This marked the first time Bitcoin exceeded the $34,000 USD mark since May of the previous year.
According to data from CoinGecko, a slew of tokens from various DeFi projects simultaneously saw price increases in the last 24 hours. Leading the charge is MINA, with the most substantial gain, followed by INJ, the token of the Injective project, which saw a significant increase of over 30%.
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