Upbit, South Korea’s largest cryptocurrency exchange by trading volume, today announced the listing of ZORA. Trading began at 1:30 p.m. Korean Standard Time (KST), with double-digit price increases and renewed attention on the creator-focused platform.
In addition to Upbit, Bithumb, another major Korean exchange, also revealed that it will be adding trading support for three altcoins to its spot trading platform.
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ZORA goes live on Upbit today
According to the official announcement, ZORA will be able to trade with KRW, BTC, and USDT on the Base network. The exchange urged users to only deposit through supported networks and contract addresses to avoid delays and loss of funds.
“The ZORA contract address supported by Upbit is 0x1111111111166b7fe7bd91427724b487980afc69. Please check this address when making ZORA deposits and withdrawals,” the notice emphasizes.
Upbit introduces temporary restrictions to stabilize initial trading activity. Buy orders and low sell orders are restricted for the first 5 minutes after release, and only limit orders are allowed for the first 2 hours.
The market reacted quickly. After Upbit’s announcement, ZORA’s price jumped from about $0.094 to $0.11, an increase of about 17%.
This price increase reflects Robinhood’s addition in October, with ZORA up more than 77% and daily volume of over $500 million. Although below its all-time high of $0.14, on-chain data highlights continued demand and steady token generation across the protocol.
Ecosystem Growth: Creator Coins and Believe Fund
In addition to price, Zora’s ecosystem is also expanding, which could give it more momentum. The Base network, which powers ZORA, recently introduced Creator Coin to its app. This development aims to give creators direct ownership of their work and allow fans to share in their success.
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“Creator Coins are in early access. We are starting with a small group to form the foundation and build the best tools to support it. These coins will allow creators around the world to create and earn, build lasting value from the content they create, benefit from long-term growth and active trading, and reward their audiences,” the announcement reads.
Zora Network also announced the Believe Fund, an initiative to accelerate the vision of a new creator economy by supporting emerging talent through blockchain-based funding. The fund will allocate 20 million ZORA tokens to support the “next generation of creators”, helping them build sustainable value in the decentralized ecosystem.
“Over the next few months, Believe Fund will begin deepening CreatorCoin capitalization and liquidity within Zola’s growing economy. The theme is simple: Believe in someone,” Zola wrote.
Although optimism remains high, upcoming token unlocks could challenge ZORA’s current upward trend. According to Tokenomist data, on October 30th, the network will release 166.67 million ZORA tokens. This is approximately 1.67% of the total supply. This event can cause short-term volatility.
Bithumb announces listing of 3 new altcoins
Meanwhile, Bithumb also notified users that it will list Infinit (IN), Doodles (DOOD), and YieldBasis (YB) on the KRW trading market, expanding the lineup of supported assets. According to the announcement, trading between IN and DOOD will begin on October 17th at 4pm KST, with YB debuting an hour later at 5pm.
Deposits and withdrawals for all three tokens will be available within 3 hours of notification. This move also resulted in small gains for all three altcoins.
IN rose 6.78% following Bithumb’s announcement. Furthermore, DOOD and YB had slightly higher growth rates of 8.37% and 8.41%, respectively.
