South Korea's second-largest cryptocurrency exchange Bithumb announced the listing of Euler (EUL) for trading against the Korean won, triggering an immediate price surge of over 30%. The listing went live on September 5 at 5:00 PM Korean Standard Time with a reference price set at 12,930 KRW.
EUL's price jumped from $9.6 to $13.8, representing a 44% increase at peak, before stabilizing around $12.7 with a 31.55% gain. Trading volume exploded by 251-292% within 24 hours, reaching $8.5-9.58 million, with HTX accounting for the majority of trading activity.
The Bithumb listing follows Euler's recent addition to Coinbase on August 6 and comes amid significant ecosystem growth. Euler's Total Value Locked (TVL) reached a new all-time high of $1.52 billion, representing a nearly 15-fold increase since the beginning of 2024. The protocol's revenue and fees have grown over 500% in 2025, reflecting strong user adoption.
Technical analysis shows EUL pushed above the upper Bollinger Band with RSI at 67, indicating strong momentum but potential overextension. The token faces resistance near its July high of $15.81, with potential for retesting that level if momentum continues, or a decline to the $10.50-$11.00 range if profit-taking occurs.
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