Puffer Finance’s PUFFER token spiked almost 244% above its previous close on Upbit’s existing Bitcoin market as the South Korean exchange added won trading. Upbit announced the new KRW pair on October 15, expanding direct access for customers trading in local currency.
The notice scheduled trading to begin at 14:00 Korean time, or 05:00 UTC, with deposits and withdrawals supported through Ethereum. Upbit applied its initial trading restrictions, including a roughly five-minute buy-order limit and a two-hour period allowing only limit orders.
Upbit’s price feed, checked at 07:09 UTC, showed a BTC-market session high of 0.00000110 BTC against a prior close of 0.00000032 BTC, a 243.75% increase. The latest trade was 0.00000069 BTC, still up 115.6%, showing a substantial retreat from the intraday peak.
The newly opened won market had a different starting point: its first-session opening price was 93 won, with a high of 118 won. At the same check, PUFFER traded at 75.8 won, about 18.5% below that opening level. Those returns use different baselines from the existing BTC pair.
Puffer is an Ethereum liquid restaking protocol, while PUFFER serves as its governance token, according to Upbit’s description. The KRW expansion follows other additions to the exchange’s local-currency market, including the B3 listing CoinScreamer covered in May.
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