Upbit's Listing Announcement Increased YGG Price

South Korea's largest cryptocurrency exchange Upbit drew investors' attention with an announcement made on October 15 regarding the listing of a new altcoin. Yield Guild Games (YGG) will begin trading on the Upbit platform, which has led to a significant increase in YGG's price.

YGG will start trading against South Korean Won (KRW) and Tether (USDT) trading pairs on October 15 at 14:30. In Upbit's official announcement, it was stated that YGG deposit transactions will only be conducted through the Ethereum network. Therefore, it was emphasized that transfers made from different networks will not be supported. Investors were warned to take this into consideration; otherwise, it was reminded that the refund process for funds may take a long time.

Additionally, it was noted that buy orders for the asset would be restricted during the first 5 minutes, and only limit orders would be accepted during the first 2 hours following the listing. A critical point to monitor is that during the first 5 minutes after the listing, the asset cannot be sold at prices that fall more than 10% below the previous day's closing price.

This listing news has caused the YGG price to rise significantly. According to CoinGecko data, the YGG price increased from 0.1344 dollars to 0.2184 dollars, marking an approximate rise of %62. Investors should carefully assess the price movements and trading strategies of YGG during this listing period.