Double exchange listing pushes Hyperlane (HYPER) price up over 123%

In a strong show of market enthusiasm, the price of Hyperlane (HYPER) has surged over 123% within a single day following its listing on South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb. This explosive rally comes amid growing global interest in promising altcoins and highlights the immense influence of South Korean exchanges in shaping digital asset trends. The Upbit and Bithumb listing On July 10, 2025, both Upbit and Bithumb made back-to-back announcements confirming the listing of Hyperlane (HYPER) on their platforms. Upbit announced it will list HYPER cryptocurrency on its Korean Won (KRW) trading market, and Bithumb mirrored the move with its own KRW listing , fueling intense buying pressure across the region. Upbit also revealed that trading for HYPER would begin at 17:00 KST, with deposits available via the Ethereum network only, cautioning users against using unsupported networks. These dual listings mark a significant development for HYPER, which had previously been available only in BTC and USDT trading pairs on Upbit since late May. Now that the asset is paired directly with KRW on both exchanges, local investors have greater accessibility, which naturally boosts liquidity and demand. Hyperlane (HYPER) price jump comes with a volatility surge Hyperlane’s price reacted sharply and almost instantly following the exchange listings, soaring from $0.151 to a peak of $0.348, representing a dramatic 130% gain. Although some price correction followed, Hyperlane (HYPER) still maintained a triple-digit rise, stabilising near $0.31 at the time of writing with a 102.59% net increase. This rally wasn’t driven by speculation alone, as the token’s core use case — blockchain interoperability and decentralised governance — resonated strongly with a market hungry for utility-based assets. At the same time, Upbit reminded investors of the risks involved, implementing brief trading restrictions including a five-minute buy order delay and a limit order-only policy for the first two hours. Despite these safety checks, trading volume surged to over $293 million in just 24 hours, signalling strong confidence from both retail and institutional players. Hyperlane fundamentals back the bullish momentum Beyond its recent price surge, Hyperlane’s fundamentals remain solid, offering staking and governance features for users across Ethereum-compatible chains. Its circulating supply currently stands at 175.2 million tokens, with a total supply capped at 1 billion, indicating plenty of room for future allocation without immediate dilution. The fully diluted valuation now sits at $208 million, while the project’s market cap hovers around $45 million, suggesting that investors may still see room for growth. Furthermore, the asset’s all-time low of $0.0874, recorded just 18 days prior, highlights how rapidly sentiment has shifted following the South Korean listings. For traders and investors, the Hyperlane listing underscores the critical role that regional exchanges play in driving market momentum and exposure. While short-term volatility may persist, the strong fundamentals and early adoption of HYPER position it as a project worth watching. With additional listings or feature rollouts likely on the horizon, investors will be closely monitoring whether HYPER can maintain its momentum or spark the next big altcoin wave. The post Double exchange listing pushes Hyperlane (HYPER) price up over 123% appeared first on Invezz

Source: Invezz