Most Popular
-
1
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
2
S. Korea not to attend Sado mine memorial: foreign ministry
-
3
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
4
Wealthy parents ditch Korean passports to get kids into international school
-
5
First snow to fall in Seoul on Wednesday
-
6
[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
-
7
BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
-
8
Man convicted after binge eating to avoid military service
-
9
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
10
Gyeongju blends old with new
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
Prices of crypto tokens fluctuate upon ICOs on Bithumb
By Son Ji-hyoungPublished : April 13, 2018 - 16:47
The prices of cryptocurrency tokens severely fluctuated immediately after being listed on South Korea‘s cryptocurrency exchanges including Bithumb, Thursday.
The price of encrypted tokens Mithril and Aelf surged 11,100 percent and 90 percent, respectively, within 30 minutes after Bithumb announced the listing of the tokens at 6 p.m. Thursday.
The gains also immediately evaporated. Upon the initial coin offering at 6 p.m. Thursday, Mithrill traded at 250 won (23 cents) per token on Bithumb. The price jumped to 28,000 won by 6:30 p.m. Thursday, and five minutes after it was trading at 740 won.
Aelf traded at 1,000 won when listed at 6 p.m. Thursday. Thirty minutes later the price came to 1,900 won, while it dropped to 1,000 won after another 30 minutes.
Bithumb, Korea’s second-largest cryptocurrency exchange in trade volume, listed four tokens -- Icon, Tron, Mithrill and Aelf -- within a month. The exchange now trades 16 encrypted coins or tokens.
The Rookie coin price also suffered a similar fluctuation upon its ICO on Korean cryptocurrency exchange Coinrail. It jumped over 100 times in two hours, and suffered a similar plunge immediately.
By Son Ji-hyoung
(consnow@heraldcorp.com)
The gains also immediately evaporated. Upon the initial coin offering at 6 p.m. Thursday, Mithrill traded at 250 won (23 cents) per token on Bithumb. The price jumped to 28,000 won by 6:30 p.m. Thursday, and five minutes after it was trading at 740 won.
Aelf traded at 1,000 won when listed at 6 p.m. Thursday. Thirty minutes later the price came to 1,900 won, while it dropped to 1,000 won after another 30 minutes.
Bithumb, Korea’s second-largest cryptocurrency exchange in trade volume, listed four tokens -- Icon, Tron, Mithrill and Aelf -- within a month. The exchange now trades 16 encrypted coins or tokens.
The Rookie coin price also suffered a similar fluctuation upon its ICO on Korean cryptocurrency exchange Coinrail. It jumped over 100 times in two hours, and suffered a similar plunge immediately.
By Son Ji-hyoung
(consnow@heraldcorp.com)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
