AGLD soars 288% after Upbit launched 12 new crypto tokens on Nov. 13

South Korean crypto exchange Upbit is expanding its USDT market by adding 12 new crypto tokens to its listings. The price of one of the tokens increased by almost 300% after its launch.

According to Upbit’s notification, the crypto exchange will add a number of cryptocurrencies to its USDT (USDT) trading pairs. New additions include Adventure Gold, MultiversX, Filecoin, Stellar Lumens, Lumiwave and Near Protocol, to name a few.

One of the newly listed tokens, Adventure Gold or AGLD, saw its price jump 288% eight minutes after its launch on Upbit, according to DEX Screener data. AGLD is currently trading at $2.45. In the last 24 hours of trading, the token is up 64.64%.

Meanwhile, 11 other newly listed crypto assets saw little positive change in their Upbit listings or post-launch, according to data collected from CoinGecko.

Adventure Gold last 24-hour trading price chart, November 13, 2024 | Source: DEX Screener.

Other cryptocurrencies added to Upbit’s USDT trading market include Ahatoken, Alpha, ASTR, Bancor, Orchid, and RADWORKS. The 12 crypto tokens will be available on the crypto exchange’s USDT trading market starting at 16:30 KST on November 13.

These assets are based on various networks, including Ethereum, Luniverse, Astar Network, MultiversX, Filecoin, Sui, NEAR Protocol and Stellar Network.

AGLD is the native token of Loot for Adventures, an NFT project that creates a list of 8,000 text-based virtual fantasy adventurer gear and stores it on the blockchain. Loot NFT is a virtual bag containing a list of equipment. AGLD token is used for governance purposes in the ecosystem.

According to the announcement, Upbit will limit buy orders to approximately five minutes after trading support. Additionally, ask prices are limited to less than 10% of the previous day’s closing price for five minutes after the trading support.

Upbit also informed users that all order types except limit orders will be restricted for one hour after trading support begins.