South Korea's leading cryptocurrency exchange, Upbit, has announced the listing of two new altcoins on its spot trading platform: Seeker (SKR) and Espresso (ESP). The exchange has detailed specific trading schedules and implemented temporary restrictions aimed at curbing excessive volatility during the initial trading period.
For the Seeker (SKR) token, trading support will be activated on February 24th at 16:00. The token will be available on the KRW, BTC, and USDT markets. Deposits and withdrawals for SKR commenced within 1 hour and 30 minutes of the announcement's publication, with transfers supported exclusively via the Solana network.
To protect investors, Upbit has enacted several safeguards at the start of trading. Buy orders will be completely blocked for the first approximately five minutes. During this same initial window, sell orders priced below 10% of the previous day's closing price will also be restricted. Furthermore, for the first two hours of trading, the exchange will accept only limit orders.
The announcement had an immediate market impact. Shortly after the news, Seeker (SKR) surged approximately 62%, while Espresso (ESP) saw a jump of roughly 50%. Prior to the listing, SKR was trading at 27.45 KRW, 0.0000003 BTC, and 0.019 USDT, up from a previous close of 26.88 KRW.
Upbit provided specific guidance for each token. For Espresso (ESP), the exchange warned users to deposit funds only via the Ethereum network and to verify the official contract address before initiating any transfers. The Seeker project is described as an initiative built on the Solana mobile ecosystem, with its SKR token utilized for staking, rewards, and governance.
