New Altcoin Listing in South Korea, Price Increased by 150%

South Korea's largest cryptocurrency exchange Upbit has made an exciting listing announcement for a new altcoin called SynFutures (F). According to a statement made on October 21 on Upbit's official website, F will start trading with South Korean Won (KRW) and Tether (USDT) trading pairs. This new asset will be available for trading on the platform as of October 21 at 16:00.

An important detail that investors need to pay attention to is that investments in F can only be made through the Ethereum network. Transfers made from other networks will not be supported, so it is extremely important for investors to pay attention to the networks they are sending funds through. Otherwise, the process of refunding funds may be lengthy and complex.

Additionally, it has been stated that buy orders for F will be restricted during the first 5 minutes and that only limit orders will be accepted within the first 2 hours following the listing. It has been emphasized that within the first 5 minutes after the listing, the asset cannot be sold for prices lower than 10% of the previous day's closing price.

In the absence of any negative scenarios during the listing, according to Coingecko data, the price of F rose from 0.009067 dollars to 0.02285 dollars immediately after the announcement, marking an increase of approximately %152. This significant rise has attracted the attention of investors and traders towards the new listing.

In the cryptocurrency world, sudden price fluctuations are common, so investors need to carefully monitor market announcements and critical dates. Especially developments and price movements related to the new altcoin F can present important opportunities for investors.