Altcoin Price Rises with the Listing of South Korea's Largest! - Coin Bulletin

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South Korea's largest cryptocurrency exchange Upbit has announced a listing for an altcoin.

According to the statement made by Upbit on May 9, Pudgy Penguins (PENGU) will start trading on the platform with KRW, BTC, and USDT trading pairs, and transactions will begin on May 9 at 18:00.

In a statement made by Upbit, it was noted that PENGU deposit transactions can only be made through the Solana network and transfers made from different networks will not be supported. Additionally, investors were warned to be careful, otherwise the process of refunding funds may take a long time.

It has been announced that buy orders will be restricted for the first 5 minutes, and only limit orders will be accepted for the first 2 hours from the start of trading. During the first 5 minutes after the listing, if the price of the assets falls below 10% of the previous day's closing price, sales transactions will not be allowed.

According to CoinGecko data, the listing news from the South Korean front has once again raised prices. PENGU gained 23.2% in value with the news, while it is trading at 0.01561 dollars at the time of writing.

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