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Upbit's Nine-Token Listing Creates Sequencing Trade on June 19
The South Korean exchange will add 9 tokens across four batches starting at 6 a.m. KST June 19. Capital rotation between openings and thin Korean order books shape the early action.
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Upbit will list 9 digital assets across its Bitcoin (BTC) and Tether (USDT) markets on June 19, adding Lido DAO (LDO), PAX Gold (PAXG), Morpho (MORPHO), and six others in a staggered rollout spanning four hours.
The South Korean exchange scheduled the additions in four batches starting at 6:00 a.m. KST. LDO, PAXG, and MORPHO open first. Three more tokens follow at 7:00 a.m., two at 8:00 a.m., and the final pair at 10:00 a.m. KST. The window between deposit availability and live trading often concentrates demand, especially for tokens with thin liquidity on other Korean platforms.
Price action hit before the first trade. LDO jumped 8% in the hour after the announcement. MORPHO added 12% on thin order books. PAXG, a gold-backed stablecoin, moved less than 1% – the asset's tight peg to gold prices limits the kind of listing-day volatility that altcoins typically see.
The nine-token batch is larger than Upbit's typical single-asset or two-asset listing. A multi-token rollout spreads liquidity across the group, which can dampen the spike for any one name. It also splits the exchange's order-book depth nine ways at the open, raising the chance of sharp fills on market orders.