Summary
- Metaplex (MPLX) rose about 10% in a short period to $0.0575 on news of its KRW market listing on Upbit.
- Upbit said it would add MPLX to its KRW market and begin trading support at 6:30 p.m. on October 20.
- After trading support begins, some buy orders and sell orders will be restricted, and only limit orders will be allowed for about two hours.
Metaplex (MPLX) is surging in short-term trading after news that Upbit will list the token on its won-denominated market.
Crypto media outlet Odaily reported on October 20 that MPLX climbed about 10% in a short period after the exchange announced trading support on Upbit, reaching $0.0575.
Upbit said on October 20 that it will add MPLX to its KRW market. Trading support is scheduled to begin at 6:30 p.m., with deposits and withdrawals available through the Solana network.
For about five minutes after trading begins, buy orders will be restricted. During the same period, sell orders priced more than 10% below the previous day's closing price will also be restricted. For about two hours after trading starts, only limit orders will be allowed.
Metaplex is an infrastructure protocol that supports non-fungible tokens, token issuance and metadata management on Solana and SVM-based networks. MPLX is a utility token used in Metaplex DAO governance and across the protocol ecosystem.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.