{"id":340474,"date":"2024-07-09T13:42:03","date_gmt":"2024-07-09T08:12:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/bithumb-to-list-vitalik-buterin-backed-eth-layer-2-project-top-meme-coin-crypto-news\/"},"modified":"2024-07-09T13:45:26","modified_gmt":"2024-07-09T08:15:26","slug":"bithumb-to-list-vitalik-buterin-backed-eth-layer-2-project-top-meme-coin-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bithumb-to-list-vitalik-buterin-backed-eth-layer-2-project-top-meme-coin-crypto-news\/","title":{"rendered":"Bithumb To List Vitalik Buterin-Backed ETH Layer 2 Project & Top Meme Coin – Crypto News"},"content":{"rendered":"

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Bithumb, South Korea\u2019s second-largest crypto exchange, has revealed plans to list BRETT and TAIKO in Korean won markets on July 9 at 18:00 local time. TAIKO is a zkEVM Ethereum layer 2 network that has received support from Vitalik Buterin<\/a>. BRETT is a prominent meme coin built on the Base chain. Both cryptocurrencies have seen significant price increases following the listing announcement, reflecting investor enthusiasm.<\/p>\n

Listing Details and Market Impact<\/h2>\n

Bithumb has officially scheduled the launch of BRETT and TAIKO trading in the Korean won market for July 9 at 18:00 local time. This announcement has generated substantial excitement and trading activity among investors, driving significant price surges for both BRETT and TAIKO.<\/p>\n

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TAIKO, a zkEVM Ethereum layer 2<\/a> network backed by Vitalik Buterin, will be listed with a base price of 2,938 won. The exchange has set the number of required deposit confirmations at 30 for TAIKO transactions. This relatively low number of confirmations suggests a balance between security and transaction speed, which could appeal to traders looking for efficient transactions.<\/p>\n

BRETT, a popular meme coin deployed on the Base chain<\/a>, will enter the market with a base price of 149 won. Bithumb has set a higher bar for BRETT transactions, requiring 200 deposit confirmations. This increased number of confirmations might indicate a more cautious approach to the meme coin, possibly due to the volatile nature of such tokens.<\/p>\n

The listing on Bithumb, one of the largest cryptocurrency exchanges in the highly active South Korean market, represents a significant milestone for both BRETT and TAIKO. This move is expected to substantially boost their visibility and trading volume. The increased exposure on a major platform like Bithumb not only enhances the liquidity of these tokens but also attracts a new pool of investors, potentially contributing to their upward price momentum.<\/p>\n

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Furthermore, the listing on a reputable exchange like Bithumb may be seen as a form of validation for these projects, especially for TAIKO, given its association with Ethereum co-founder Vitalik Buterin. This could lead to increased confidence among investors and potentially pave the way for listings on other major exchanges in the future.<\/p>\n

Also Read: DigitalX Gears to List Spot Bitcoin ETF on Australia\u2019s ASX Exchange As Demand Soars<\/a><\/strong><\/p>\n

Current Market Performance and Future Outlook<\/h2>\n

As of the latest data, Brett (BRETT)<\/a> is trading at $0.1239, with a 24-hour trading volume of $83.9 million and a 7.41% price increase over the past day. Its market capitalization stands at $1.2 billion, based on a circulating supply of 9.9 billion BRETT.<\/p>\n

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Taiko (TAIKO)<\/a> is priced at $2.28, with a 24-hour trading volume of $57.1 million and a 10.92% price increase in the last 24 hours. Its market cap is $144.6 million, with a circulating supply of 63 million TAIKO.<\/p>\n

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The substantial price movements following the Bithumb listing announcement indicate positive market reception and suggest potential for further growth. As BRETT and TAIKO continue to gain traction, their listing on a prominent exchange like Bithumb is anticipated to boost investor confidence and encourage wider market adoption.<\/p>\n

Also Read: SOL Price Surges 6% Following Cboe Filing for Spot Solana ETF<\/a><\/strong><\/p>\n

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