Ancient8 (A8) Surges 50% and Drift Token Rises 7% After Bithumb Listing
Highlights
- Ancient8 (A8) surged 30% after a major listing announcement, now trading at $0.3293.
- DRIFT gained 7% post-listing and is up 140% this quarter, trading at $1.183.
- Trading restrictions implemented to ensure a stable market for A8 and DRIFT.
Bithumb, a leading cryptocurrency exchange in South Korea, has listed Ancient8 (A8) and Drift (DRIFT) tokens on its platform. Following the announcement, A8’s price surged by 30%, accompanied by a staggering 2000% increase in trading volume, while DRIFT gained 7%, reflecting strong investor enthusiasm. These listings underscore the growing global interest in Web3 gaming and decentralized trading innovations.
Bithumb Announces Ancient8 and Drift Listing
On January 14, Bithumb announced the listing of Ancient8 and Drift tokens on its platform, adding them to the KRW pairs. Deposits and withdrawals opened within two hours of the announcement, while trading began at 5:00 PM.
A8 debuted at a base price of 429 won, supported on the Ethereum network, requiring 33 deposit confirmations. DRIFT debuted at 1,605 won on the Solana network, requiring 20 deposit confirmations. Both tokens are expected to drive significant trading activity due to their unique features and use cases.
The inclusion of these tokens highlights the exchange’s commitment to supporting innovative projects in the crypto ecosystem.
Bithumb Trading Rules and Restrictions
To ensure a secure trading environment, Bithumb has implemented temporary transaction restrictions for these new listings. Buying orders are restricted for the first five minutes after trading begins, while selling orders are limited during the same period, preventing prices from dropping below 10% or exceeding 100% of the base price.
Additionally, deposits and withdrawals are supported only through recognized networks. Users must double-check the address and network before initiating transactions, as deposits via unsupported networks will not be processed.
A8 and DRIFT Crypto Tokens Performance
Following the listing announcement, Ancient8 (A8) price saw a 50% surge, with the price now trading at $0.3793. Its 24-hour low and high are $0.25 and $0.4356, respectively. It has a market cap of $87.74 million, and trading volume has increased by 1927% after the announcement and is now at $36 million.
Similarly, DRIFT price was trading at $1.183, marking a 7% increase in the last 24 hours. The token rose over 140% in the last quarter. It has a market cap of $324 million and a trading volume of $88 million, which marks a whopping 365% increase in the last 24 hours. Crypto investor Da’G recently shared on X that the token is poised for a breakout, targeting $5 as its near-term goal.
Listings on major exchanges often lead to price spikes by increasing trader and investor access. As seen with Zircuit price surged 35% after the listing announcement on Bithumb platform listing.
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