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PHA Jumps 21.88% After Bithumb Says It Will List Phala Network

PHA extended its gains to more than 30% after listing on Bithumb, with HTX data on March 20 showing the token trading at $0.0394 following the South Korean exchange debut.

USDT

Summary

PHA, the token of Phala Network, rose more than 30% after listing on Bithumb, South Korea’s second-largest crypto exchange. Earlier coverage said the token had climbed 21.88% after Bithumb announced a Korean won market listing, briefly reaching 0.045 USDT before pulling back. As of March 20, HTX market data showed PHA trading at $0.0394, indicating the rally continued after trading began on Bithumb.

Terms & Concepts
  • Listing: The addition of a token to a crypto exchange, allowing users to trade it in a specified market.
  • Korean won market: A trading market on an exchange where assets are bought and sold against South Korea’s national currency.
  • USDT: A U.S. dollar-pegged stablecoin widely used as a trading pair in cryptocurrency markets.