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The primary token of the Animecoin Foundation, ANIME, experienced a 12% surge in value following the announcement of its inclusion on the prominent South Korean platform Bithumb.
At the moment of this writing, Animecoin (ANIME) achieved an intraday peak of $0.0502 on January 31, reflecting a 15% increase from its weekly low of $0.0437. The market valuation of this altcoin is at $278 million, with daily trading activity rising by 40% to around $153 million.
After Bithumb’s declaration of introducing a KRW trading pair for the ANIME token at 7 PM KST on January 31, the price of this Azuki-backed meme coin surged notably. The token will be traded on the Arbitrum blockchain.
Purchase requests for ANIME will be limited for approximately five minutes after trading commences. During this interval, sell requests will be confined to a range of -10% to +100% of the reference price. Automated requests can only be submitted following the initial trade execution.
As per the announcement, the reference price for the Animecoin token is anticipated to be around $66.11 when trading officially kicks off.
The ANIME/KRW trading pair will enable direct transactions between the ANIME token and the Korean won. Three Justifications Why the Cost of Shiba Inu Coin Might Ascend by 60%
On January 23, South Korea’s largest cryptocurrency exchange, Upbit, introduced three ANIME trading pairs: ANIME/KRW, ANIME/BTC, and ANIME/USDT. Animecoin is also available on other significant exchanges, such as Binance, Bybit, and OKX.
500 million ANIME tokens were distributed to BNB holders enrolled in the BNB Simple Earn program. Since the launch on the centralized exchange, the token’s value has been on a downward trajectory, currently down over 72% from its peak of $0.1861 reached on January 23.
Listings on prominent exchanges like Upbit or Bithumb generally lead to considerable price hikes;
The present recovery might persist once trading commences. Nonetheless, for recently introduced tokens such as ANIME, the effect could be detrimental, as investors frequently hurry to liquidate their assets obtained during the token creation event.
What is ANIME Coin?
ANIME is a meme cryptocurrency presented as the “cultural currency of the anime sector,” but it is anticipated to function as the governance token for Animechain. Animechain is an imminent Layer-3 solution on Arbitrum Orbit, created by the Animecoin Foundation, which is responsible for ANIME.
Animechain is scheduled to debut in the initial quarter of 2025 and could greatly impact the pricing patterns of ANIME by increasing its functionality.
