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Stader (SD) Surges Over 30% Following Bithumb Listing

Stader listing on Bithumb’s exchange also sparked a surge in its trading volume, which currently exceeds $35 million.

Despite the general market downtrend, Stader (SD) has captured investors’ interest, leading to a boost in its market value. The asset experienced a sharp price surge in the last 24 hours, recording over 30% gain. This impressive rise coincides with the token’s listing on Bithumb, one of South Korea’s leading exchanges. 

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, is an ERC-20 token that powers governance, incentives, and ecosystem utility.

Bithumb Lists Stader (SD)

According to Bithumb’s 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).

Bithumb announced a reference price of 918 KRW for SD, noting that deposits and withdrawals would open within two hours of the listing. These transactions will be supported only on the Ethereum (ETH) network. Therefore, the exchange cautioned users to double-check the network before depositing, as transfers made through unsupported chains will not be accepted. 

To maintain stability during the launch, Bithumb imposed temporary trading restrictions. These included a five-minute freeze on buy orders at the start of trading. During the same period, sell orders outside a -10% to +100% band from the reference price will be blocked. In addition, only limit orders will be permitted for roughly two hours after trading begins.

Listing Fuels SD Surge

At the time of writing, SD trades at $0.847, representing a 31.1% increase.  Furthermore, trading activity has increased, demonstrating a recent rise in market activity. According to data from Coingecko, SD’s 24-hour trading volume currently exceeds $35 million. This value reflects a significant 462.40% increase from a day ago. 

Moreover, this token has surged by 18.10% in the last 7 days, outperforming the global crypto market, which is down by 0.40%.  The sharp price shows the substantial impact that a listing on a major exchange like Bithumb can have on a crypto asset’s value. By tapping into Bithumb’s broad user base and market reach, Stader gained both visibility and accessibility, fueling its sharp price rally.

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Faith

Faith is a dedicated content writer who is focused on expanding her interest and knowledge about cryptocurrencies and blockchain technology. In her free time, she enjoys listening to music, reading, and traveling.