South Korean Exchanges Listed Somnia Altcoin.

Upbit and Bithumb, South Korea's leading cryptocurrency exchanges, have made a notable listing announcement for the **Somnia (SOMI)** altcoin. Crypto investors are closely following the increasing interest in the **Somnia** asset with this new development.

Upbit announced on its official website on October 1st that the trading pairs for **Somnia (SOMI)** have been set as **South Korean Won (KRW)**, **Bitcoin (BTC)**, and **Tether (USDT)**. Trading will begin today at 3:30 PM. As an important note, Upbit warned investors that **Somnia** deposit transactions must only be made via the Somnia network, and transfers from different networks will not be supported. Otherwise, the refund process for funds could take a long time.

Another point investors should pay attention to is that buy orders for **Somnia (SOMI)** will be restricted for the first 5 minutes, and only limit orders will be accepted for the first 2 hours. This is important for ensuring that transactions are carried out securely.

On the other hand, Bithumb also announced on October 1st that deposit and withdrawal transactions for **Somnia (SOMI)** would begin today at 4:00 PM in the **South Korean Won (KRW)** trading pair. Bithumb emphasized that **Somnia** deposit transactions can only be made via the Somnia Mainnet network, warning investors against transferring from other networks. The exchange also stated that buy orders would be restricted for the first 5 minutes after listing, and placing sell orders below 10% or above 100% of the initial price would be prevented.

Following these announcements, the price of **Somnia (SOMI)** surged by 47% immediately after its launch, reaching **$1**. However, a subsequent pullback of 30% occurred, bringing the asset's current price down to **$0.76**.

It is crucial for investors to carefully monitor **Somnia (SOMI)** price movements and exchange announcements to make strategic decisions. In the evolving crypto market, such listings can lead to assets gaining or losing value, and investors need to be prepared for instantaneous changes.