Upbit Listing Pushes Onyxcoin (XCN) to Highest Level in 3 Months

Onyxcoin (XCN) experienced a significant price increase, reaching its highest level in three months, following the announcement of its listing on the South Korean cryptocurrency exchange Upbit. The token's price surged to an intraday peak of $0.0086, marking its strongest performance since mid-January. At the time of reporting, XCN was trading at $0.0077, representing a 64.48% increase since the announcement, and was among the top gainers on CoinGecko. Trading volume for XCN also saw a substantial jump of 629%, reaching $37 million, with Upbit accounting for 25.45% of this volume. Historically, Upbit listings have led to sharp short-term price reactions for newly listed altcoins. Trading for XCN against Korean Won (KRW) and Tether (USDT) was scheduled to commence at 16:00 KST, with Upbit implementing temporary trading restrictions, including a five-minute period without buy orders and blocking sell orders below a certain threshold, to manage volatility.

(Source：BeInCrypto)