Major listing news sparked significant investor interest, resulting in significant increases in the price of Puffer and Biconomy (BICO) tokens.
Bithumb, the second-largest cryptocurrency exchange in South Korea, has introduced KRW trading pairs for Biconomy and Puffer Finance. This is a significant milestone for both projects. The listing resulted in a 40% increase in the price of PUFFER and a nearly 20% increase in BICO.
Deposits and withdrawals are currently operational on the Ethereum network, and both tokens are accessible. Bithumb’s offerings in the expanding DeFi space are further developed by this launch, which provides new governance and staking opportunities.
Bithumb Launches Trading for Puffer Finance and Biconomy
On November 25, Bithumb disclosed that Puffer Finance and Biconomy would be listed on its platform. This launch represents a significant milestone for both projects. These tokens now provide users seamless access, governance, staking, and utility features.
The exchange has implemented trading pairs for BICO and PUFFER in the KRW market. Deposits and withdrawals will be restricted to Ethereum exclusively, and both tokens will be supported on the Ethereum network. The base price of the Biconomy token is 480 KRW, while Puffer Finance is listed at 422 KRW. Additionally, the exchange has established a five-minute restriction on buying orders following the commencement of trading and a restriction on selling orders within a 12% price range to guarantee the smooth execution of transactions.
Within their respective ecosystems, both tokens provide improved utility. Within Biconomy’s multi-chain relayer infrastructure, BICO facilitates smart account functionalities, staking, and transaction fees. Conversely, PUFFER is a critical element of Puffer Finance’s liquidity re-staking protocol, which allows users to stake ETH and accumulate rewards effortlessly.
Investors interested in governance and staking utilities within the rapidly expanding DeFi space have an exceptional opportunity to introduce these tokens on Bithumb.
Price Increases After Exchange Listing
FLOKI’s surge following its listing on Coinbase is a prime example of the substantial boost tokens receive when listed on major cryptocurrency exchanges. Similarly, the recent Bithumb listing has positively affected PUFFER and BICO, increasing trading volumes and prices.
The price of Puffer has increased by 40% in the past 24 hours, currently trading at $0.39. Its 24-hour low and high are $0.26 and $0.422, respectively. In the past month, PUFFER has increased by 50%, and in the past week, it has increased by 36%. The price of PUFFER is experiencing a significant upward trend, with a market capitalization of $38 million and a trading volume of $114 million.
At present, the native token of Biconomy, BICO, is priced at $0.37, which represents a 12% increase in the past 24 hours. There is a 24-hour range of $0.299 to $0.37 for low and high. It has experienced a 110% increase in the past month and gained 27% in the past week. The 24-hour trading volume of Biconomy is $59 million, with a market capitalization of $329 million.
