Dual South Korean listings send Ethereum layer-2 token AZTEC surging 82%

Korean exchanges Upbit and Bithumb both added local currency pairs for the privacy-focused layer-2 token, triggering a sharp move in a thinly traded market. What to know : Aztec's token jumped about 82 percent to roughly $0.035 after South Korean exchanges Upbit and Bithumb listed it with won trading pairs, unleashing heavy KRW-denominated demand in a thin market. New KRW listings on major Korean platforms can rapidly reprice smaller tokens by opening direct access for an unusually active local retail base and triggering momentum-driven buying. The listing-driven spike in AZTEC widened the so-called kimchi premium before arbitrage trading narrowed the gap, while the project’s pitch as a privacy-focused Ethereum layer 2 gives it a narrative beyond the short-term surge.(Coindesk)