Crypto▲ Bullish
Upbit Lists GRVT Against KRW and USDT Markets
Upbit will open GRVT trading at 17:00 KST on Aug. 5. The token jumped 23% in 24 hours. Watch initial liquidity and the spread between Korean and international prices.
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South Korean crypto exchange Upbit will list Grvt’s GRVT token on Aug. 5, opening trading against the Korean won and Tether at 17:00 Korea Standard Time. The exchange will also open a GRVT/BTC pair.
Deposits and withdrawals were expected to start through Ethereum within two hours of the announcement. Upbit warned the scheduled opening “may be delayed” if deposits do not provide enough liquidity.
The new markets had not opened when this report was prepared. CoinGecko showed GRVT near $0.3235, up about 23.3% over 24 hours, with trading volume above $164 million. Because the token was already trading on other exchanges, the entire gain cannot be attributed to completed Upbit orders.
Upbit will accept transfers only through Ethereum. It published the contract address as 0xAD29F2723fcdBcF665F210F25E06f97477e417cF and warned that unsupported network deposits may require a lengthy return process. The exchange stressed that Grvt Token, or GRVT, is different from Gravity, which trades under the ticker G.
For its opening restrictions, Upbit cited a previous closing price of 374.05 won and 0.2622 USDT. It displayed more recent reference prices of 385.68 won and 0.2632 USDT at 13:30 KST. These were reference figures rather than guaranteed execution prices.
GRVT traded between approximately $0.259 and $0.338 over 24 hours. Its market capitalization stood near $37 million, based on an estimated circulating supply of 110 million tokens. CoinGecko placed its fully diluted valuation near $323 million, using the project’s one billion maximum supply.
The token was already available on exchanges including OKX, Bitget, Bybit and Bithumb. Upbit’s addition therefore expands GRVT’s Korean market access and potential liquidity rather than marking its first centralized exchange listing.