AZTEC Token Surges 82% Following Upbit and Bithumb Listings

Sharp Rise in AZTEC Token Price South Korea's largest cryptocurrency exchanges, Upbit and Bithumb, announced they will list the AZTEC token with local currency (KRW) trading pairs.
Following this development, the token's price gained approximately 82%, reaching levels around $0.035.
The opening of KRW pairs allows investors to make direct purchases without the need for intermediary units like USDT.
Strategic Importance of the South Korean Market South Korea ranks among the top three markets globally in terms of cryptocurrency trading volume.
Platforms like Upbit regularly compete with global giants in spot trading volume.
This situation can trigger rapid price movements, especially in assets with lower liquidity like AZTEC.
A similar momentum was recently observed during the listing processes of projects such as VIRTUAL.
Kimchi Premium and Arbitrage Movements The intense demand following the listing announcement caused the price difference known as the "Kimchi premium" to widen.
This gap between South Korean exchanges and international markets mobilized arbitrageurs.
While investors attempted to profit by selling assets bought from global markets at higher prices on Korean exchanges, this situation increased market volatility.