Ravencoin (RVN), a blockchain platform optimized for asset transfers, saw a remarkable 94% surge in its price following its listing on Upbit, one of South Korea's leading cryptocurrency exchanges, on June 5, 2025. The new listing on the KRW (Korean Won) trading market has significantly increased Ravencoin’s liquidity and market exposure, attracting heightened retail interest from the Korean market.
Upbit imposed certain initial trading restrictions to stabilize the market, including temporary blocking of buy orders for five minutes after trading opened, limiting sell orders to prices not below 90% of the previous day’s close during that time, and accepting only limit orders for the first two hours. These measures aimed to ensure a fair and orderly trading environment. RVN deposits must only come through the Ravencoin network, and users must meet Upbit’s ownership verification rules to avoid any processing delays.
While Ravencoin experienced a strong positive market move, Bitcoin saw a slight decline concurrently, implying some shift in liquidity and investor focus toward RVN. Key figures involved include Upbit and the Ravencoin Core Team, notable for developing technology like the ASIC-resistant KAWPOW mining algorithm and token issuance features. No new regulatory changes or institutional funding were tied to this event; the price movement is primarily market-driven due to expanded access on a major exchange.
