South Korea's Upbit Exchange will list KernelDAO.

South Korea's leading cryptocurrency exchange Upbit has attracted the attention of investors with news of a new altcoin listing. The exchange announced that the KernelDAO (KERNEL) altcoin will be listed on October 28 with a South Korean Won (KRW) trading pair.

According to Upbit's official statement, deposits for KERNEL will be supported only through the Ethereum network. This means that investors need to pay attention to their network choices during transfer processes. It was noted that deposits from different networks would not be supported by the exchange, and such transactions could involve a lengthy refund process.

Providing more information about the listing process, Upbit announced that buy orders for KERNEL would be restricted for the first 5 minutes. Additionally, it was emphasized that only limit orders would be accepted during the first 2 hours post-listing. During this period, it was also stated that the asset could not be sold at levels lower than 10% of the previous day's closing price.

Following the listing announcement, the KERNEL price rose from $0.162 to $0.268, marking an increase of approximately 65%. This rapid rise has heightened investor interest and led to discussions about new buying opportunities. It is important for investors to closely monitor developments in the altcoin market.

In conclusion, the KERNEL listing presents significant opportunities for investors. However, it is crucial to conduct careful analysis before making trades and to adhere to the rules mentioned above.