The Upbit listing price for Doodles increased by 160 percent.

South Korea's leading cryptocurrency exchange Upbit has announced the listing of a new altcoin called Doodles (DOOD). This development has managed to attract the attention of cryptocurrency investors, resulting in a significant increase in the price of DOOD.

Starting from 16:30 on October 7, DOOD will begin trading against Korean Won (KRW) and Tether (USDT) transaction pairs, and the statements made by Upbit are being closely monitored. Users will only be able to make investments via the Solana network. Transfers made from other networks will not be supported, emphasizing that this situation poses risks for investors. Therefore, it has been noted that investors should exercise caution.

Upbit also announced that buy orders will be restricted during the first 5 minutes and that only limit orders will be accepted afterward. Additionally, it was stated that during the first 5 minutes after the listing, the asset cannot be sold at prices that fall below %10 of the closing price from the previous day. All these rules create important points that investors should pay attention to.

According to CoinGecko data, the price of DOOD rapidly increased from 0.006576 dollars to 0.01753 dollars, marking an approximate %166 increase. This performance occurred following Upbit’s listing announcement and further heightened investor interest. The reasons behind the rise include the transparent trading processes offered by Upbit and the trading opportunities available.

Especially the restrictions and price movements on the listing date create critical levels that investors need to monitor. The price ranges registered for Doodles provide important clues on how investors should develop their strategies. Cryptocurrency investors must conduct careful analysis and consider potential risks while evaluating such opportunities.