Stader (SD) defied the broader market slump, emerging as one of today’s top crypto gainers. 🚀
The token’s sharp rise came after Bithumb, one of South Korea’s leading exchanges, announced the altcoin’s official listing on its spot trading platform. *Sarcasm alert: What could possibly go wrong?* 💸
Bithumb Announces Stader (SD) Listing
For context, Stader is a multi-chain staking platform offering non-custodial and liquid staking solutions. It supports networks like Ethereum, Polygon, Hedera, and BNB Chain. The network’s native token, SD, powers governance, incentives, and ecosystem utility. *Because nothing says “trust us” like a token that’s *literally* powering everything.* 🤡
The altcoin is now set to enter the South Korean market. According to the official listing announcement, SD will be available to trade against the Korean Won (KRW). Trading is scheduled to begin at 6:00 PM Korean Standard Time (KST). *Because nothing says “excitement” like a 6 PM trading start. Who needs sleep?*
Bithumb has set the reference price for SD at 918 KRW. The exchange added that deposits and withdrawals will open within two hours of the announcement and will only be supported on the Ethereum (ETH) network. *Because Ethereum is the only blockchain that’s *truly* reliable. Or maybe it’s just the one they’re comfortable with.* 🐍
Furthermore, Bithumb has implemented several trading restrictions to ensure market stability during the launch period. Buy orders will be restricted for the first five minutes of trading. *Welcome to the crypto version of a “first come, first served” buffet. But with more chaos.* 🧨
During the same period, sell orders outside a -10% to +100% reference price range will be blocked. Additionally, only limit orders will be allowed for about two hours after trading begins. *Bithumb’s way of saying, “Don’t panic, but also don’t celebrate yet.”*
“In accordance with the Travel Rule, deposits and withdrawals are only supported with virtual asset business operators (VASPs) that Bithumb supports. Deposits from exchanges not included in the list of supported external exchanges cannot be processed, and refunds may take a long time,” Bithumb added. *Because nothing says “customer service” like a refund that’s slower than a sloth on a treadmill.* 🐢
The exchange’s decision triggered a price rise for SD. The token surged from $0.67 to $1.12. This represented an appreciation of approximately 67.2%. *A 67% surge? That’s like getting a raise after working 10 hours straight. Or maybe it’s just a mirage.* 🧙♂️
The coin shed some of its gains to trade at $0.91 at press time, up 42.8% since the announcement. *Still a 42.8% gain? That’s like winning a lottery ticket… but with more uncertainty.* 🎰
Furthermore, trading activity also increased. Data from CoinGecko showed that the daily trading volume reached $26 million, representing a 327.8% uptick. *CoinGecko’s eyes are watering from the 327.8% increase. Or maybe it’s just the caffeine.* ☕
This reaction mirrors patterns observed with other altcoins listed on Bithumb, suggesting SD may continue to attract heightened attention in the near term. *Because nothing says “sustainability” like a token that’s just riding a hype wave. Or is it a tsunami?* 🌊
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2025-08-26 12:38