HAEDAL Token Rockets 25% After Bithumb Listing – What’s Next?

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Well, well, well! The HAEDAL token just couldn’t wait to make a splash! After landing on Bithumb, one of South Korea’s biggest crypto exchanges, it shot up by over 25% in a dazzling 24 hours. Talk about making an entrance! 💥

It started trading at a modest $0.1602 but took a quick jog up to an impressive $0.1742. It almost brushed past its all-time high of $0.1744 like a child chasing a bus that just drove off. Close, but no cigar! 😜

And look at this: CoinMarketCap is now showing a market cap of $31.16 million! That’s a nice little leap after a somewhat bumpy debut. Who says crypto is boring? Not HAEDAL! 🎢

The Bithumb Buzz: A Crypto Firecracker!

Here’s the scoop. The Bithumb listing kicked off a wild rally, with the news that HAEDAL would start trading against the Korean Won (KRW) at 6:00 PM KST on May 2, 2025. Apparently, the early birds have already started their crypto dance. 💃🕺

Bithumb, South Korea’s second-largest exchange, is all in on Haedal Protocol (HAEDAL) with Korean won trading pairs. Starting at 6:00 pm on May 2, HAEDAL will join the crypto party! 🎉 Haedal is a liquidity staking protocol built on Sui.

— Wu Blockchain (@WuBlockchain) May 2, 2025

This isn’t HAEDAL’s first rodeo though! Oh no, it’s already been listed on Binance Alpha, Bybit, KuCoin, and MEXC earlier this week! These came right after the mainnet launch and token generation event on April 29. The project even handed out 5% of its massive 1 billion token supply through an airdrop. 🎁

And then, BAM! The Bithumb catalyst lit a fuse, sparking a giant leap in derivatives trading. According to CoinGlass, HAEDAL’s open interest in futures shot up by 128% in just 24 hours. That’s over $40 million in the air! 🎯

The funding rate stayed steady at 0.0050%, which is basically code for “We’re doing just fine, thank you very much!” Long and short positions are nicely balanced, and guess what? Big institutional investors are taking notice. 💼📈

What on Earth is HAEDAL?

Ah, you’ve been wondering what all this buzz is about. HAEDAL is the governance and utility token of the Haedal Protocol. It’s a fancy next-gen liquid staking platform, built on the ever-so-sleek Sui blockchain. 🌐

Haello otters! 🦦 $HAEDAL is listing on @BithumbOfficial! 🔥🔥🔥

— Haedal🦦 (@HaedalProtocol) May 2, 2025

Basically, you can stake SUI or WAL tokens in the Haedal ecosystem and get back haSUI or haWAL — yield-bearing, liquid staking tokens that stay usable across DeFi apps. It’s like earning interest on your savings, but cooler. 😎💰

On top of that, stakers who throw HAEDAL tokens into veHAEDAL get governance rights, boosted farming rewards, and a slice of the staking pie. Who wouldn’t want a bite of that? 🥧

Did Bithumb Just Make History?

Now, here’s the kicker. Bithumb’s timing couldn’t be more perfect (or questionable, depending on who you ask). Just recently, the South Korea Fair Trade Commission decided to point a big finger at the exchange. Why? Well, because Bithumb is now considered a “conglomerate,” a move that happened just on May 1st. Oh, and they’re required to make more public disclosures. 📢

This means Bithumb’s gone from “small fry” to “big fish” in the blink of an eye, thanks to the crypto boom. With this kind of regulatory spotlight, it’s clear the exchange is growing fast. And if Bithumb’s hosting HAEDAL, that sure looks good for the token. 💼

But, of course, with great power comes great responsibility. Bithumb now faces stricter laws and regulations on what tokens they can list. Could this mean more big names are in line? Stay tuned. 👀

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2025-05-02 15:49