South Korea’s Bithumb Listed RAY and PONKE

Key Points

• Bithumb added RAY and PONKE KRW pairs today at 5:00 Korean time.
• Following the exchange’s announcement, the coins’ prices experienced surges, with PONKE reaching a new ATH.

South Korea’s second-largest crypto exchange, Bithumb, announced the listing of two new coins today, supporting the KRW market.

Earlier, Bithumb announced the listing of Raydium (RAY) and Ponke (PONKE), two coins on Solana. The trading start price was scheduled for 5:00, Korean time.

The base price for RAY was set at 7,855 KRW and the base price for PONKE was set at 992 KRW.

Following the exchange’s announcement, the coin’s price recorded surges.

RAY and PONKE Prices Spiked This Morning

RAY Price Recorded a Spike 

On November 19, around 5:00 AM, RAY debuted a price surge from around $5.6, topping $6.05 earlier, before a correction.

At the moment of writing this article, RAY is trading at $5.71, down by 1.5%, after a previous price surge of around 6%.

The coin has a market cap of $1.66 billion, after reaching $1.76 billion earlier today.

During the past week, the coin recorded intense volatility, reaching a top of $6.15 on November 18. A day before, on November 17, the coin recorded another notable price spike from $5 to $6.09.

Raydium is an automated market maker (AMM) protocol based on Solana, supporting liquidity provision and decentralized trading.

PONKE Reaches a New ATH

Earlier today, around 5:00 AM, PONKE also debuted a price surge from levels around $0.72 and reached a top above $0.83 before a correction. This marked a new ATH for the token.

At the moment of writing this article, PONKE is trading around $0.8, up by 13% in the last 24 hours.

The earlier price surge was almost 15%, taking the coin’s market cap from $407 million to $465 million. The current market cap of the coin is above $448 million.

The past 7 days marked a continued ascendant trajectory for the coin, taking it to a new ATH today.

PONKE is a memecoin built on Solana and its symbol is a monkey.

CoinGecko data shows that PONKE is among the memecoins trending on Solana today, together with PNUT and ai16z.