AGLD Price Surges 288% After Upbit Adds 12 New Crypto Tokens

On November 13, South Korean cryptocurrency exchange Upbit made a major expansion to its USDT market, listing 12 new crypto tokens, one of which saw a remarkable surge. Adventure Gold (AGLD), one of the newly listed assets, experienced a 288% price jump just eight minutes after it was launched on the exchange.

According to data from DEX Screener, AGLD’s price skyrocketed to $2.45 shortly after trading began. In the past 24 hours, AGLD has maintained a 64.64% increase in value.

Other Tokens Added to Upbit’s USDT Market

Upbit’s decision to expand its Tether-based market included a range of other popular and emerging crypto assets. The newly added tokens include:

• MultiversX
• Filecoin
• Stellar Lumens
• Lumiwave
• Near Protocol
• Ahatoken
• Alpha
• ASTR
• Bancor
• Orchid
• RADWORKS

However, while AGLD saw a massive surge, the other newly listed tokens have not experienced similar positive movements, according to data collected from CoinGecko.

These tokens are built on a variety of blockchain networks, including Ethereum, Luniverse, Astar Network, MultiversX, Sui, NEAR Protocol, and Stellar Network.

About AGLD and Loot for Adventures

AGLD is the native token of Loot for Adventures, an NFT project centered around generating 8,000 text-based virtual fantasy adventurer equipment. These NFTs are stored on the blockchain, with each Loot NFT representing a virtual bag containing a list of items. AGLD is primarily used for governance within the Loot for Adventures ecosystem.

Upbit’s Trading Restrictions

As part of Upbit’s standard procedure for listing new tokens, the exchange has implemented certain restrictions. Following the launch of AGLD and other new tokens:

• Buy orders will be limited to five minutes after the trading support starts.
• Sell prices will be capped to a 10% deviation from the previous day’s closing price for the first five minutes.
• All order types, except limit orders, will be restricted for the first hour after trading begins.

These measures are designed to manage the initial volatility that often accompanies the launch of new assets on exchanges.