---
title: "This Altcoin Explodes by 170% Following Support From Upbit and Bithumb: Details"
url: https://diffcoin.com/this-altcoin-explodes-by-170-following-support-from-upbit-and-bithumb-details/
description: "Some analysts believe the rally could extend over the following months."
published: 2025-07-10
updated: 2025-07-10
author: "Mila"
site: "Diffcoin"
---

# This Altcoin Explodes by 170% Following Support From Upbit and Bithumb: Details

**TL;DR**

- HYPER neared its ATH after backing from South Korea’s top crypto exchanges.
- Upbit’s listing history shows a pattern of triggering explosive rallies, with coins like MOODENG, RVN, and TRUMP all experiencing major price spikes shortly after being added to the platform.

## The Top Performer

Triple-digit price gains within 24 hours are nothing unusual in the world of crypto. The lesser-known altcoin Hyperlane (HYPER) proved that narrative, skyrocketing roughly 170% within that timeframe to almost match its all-time high of $0.35. Its market capitalization, which stood at around $20 million yesterday (July 9), has surged past $55 million.

![HYPER Price](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA4NDAgNjUwIiB3aWR0aD0iODQwIiBoZWlnaHQ9IjY1MCIgZGF0YS11PSJodHRwcyUzQSUyRiUyRmNyeXB0b3BvdGF0by5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjUlMkYwNyUyRkhZUEVSLnBuZyIgZGF0YS13PSI4NDAiIGRhdGEtaD0iNjUwIiBkYXRhLWJpcD0iIj48L3N2Zz4=)

HYPER Price, Source: CoinGecko

The main reason propelling the impressive rally is the support coming from South Korea’s leading cryptocurrency exchange, Upbit, which listed the HYPER/KRW trading pair. Such a development enhances the token’s liquidity and accessibility while also providing a significant reputational boost.

However, some industry participants (like the X user Tux) claimed some projects use these listings “to dump their tokens on the head of Koreans.”

> Sometimes i feel bad of koreans trading on [$upbit](https://twitter.com/search?q=%24upbit&src=ctag&ref_src=twsrc%5Etfw).
> 
> Projects just use upbit listing to dump their tokens on the head of koreans.
> 
> Recent example is [$hyper](https://twitter.com/search?q=%24hyper&src=ctag&ref_src=twsrc%5Etfw) [pic.twitter.com/lMYeWJ0ncs](https://t.co/lMYeWJ0ncs)
> 
> — Tux (@megastuffs) [July 10, 2025](https://twitter.com/megastuffs/status/1943250566039376026?ref_src=twsrc%5Etfw)

Others remain optimistic that HYPER’s bull run is nowhere near its end. X user Crypto GVR recently suggested the price could soar to a new peak of $0.50 in the next three to six months.

Meanwhile, Bithumb (South Korea’s second-biggest crypto exchange) also embraced the asset, introducing the same trading pair as its rival.

## Upbit’s Impact in the Past

Earlier this month, the hippo-themed meme coin Moo Deng (MOODENG) pumped by over 40% daily after the exchange listed the MOODENG/USDT, MOODENG/KRW, and MOODENG/BTC pairs.

In June, Ravencoin (RVN) briefly made the headlines after jumping by 75% in a single day. Once again, the factor fueling the rally was the backing from Upbit.

The company has also contributed to a price spike for TRUMP, the meme coin associated with the American president. This happened in February when it enabled user access to the TRUMP/KRW, TRUMP/BTC, and TRUMP/USDT pairs.

SPECIAL OFFER (Sponsored)  
  **Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance**  (full details).

**LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!**

[Source link](https://cryptopotato.com/this-altcoin-explodes-by-170-following-support-from-upbit-and-bithumb-details/)