Korean CEX Listings Drive Altcoin Price Action
Centrifuge and Espresso saw significant price increases following listings on major Korean exchanges this week.
The Korean bid currently supports altcoin holders. Traders on centralized exchanges are buying into new listings aggressively. Last week, Korean CEXs Bithumb and UpBit listed CFG and ESP. Both tokens surged in value. CFG rallied 177% from $0.088 to $0.24. ESP jumped 103% to $0.195. We observe this trend across other DeFi and Web3 assets. I recommend monitoring order books for liquidity risks.
