Bithumb has announced the listing of Zircuit’s native token ZRC, sparking a 180% surge in trading activity.
Popular South Korean crypto exchange Bithumb has recently listed Layer 2 network Zircuit’s native token ZRC ZRC $0.0364 24h volatility: 0.5% Market cap: $79.95 M Vol. 24h: $8.38 M on its platform, sparking a surge in trading activity and investor enthusiasm. Interestingly, ZRC token jumped by 18% to $0.079 shortly after the news broke. Trading volume also skyrocketed by 180%, currently sitting at $76 million, reflecting the rise in interest in the newly listed token.
BitMEX co-founder Arthur Hayes shared the listing event on X with the caption “Zoom zoom”, adding to the buzz around Zircuit’s market entry.
Trading of ZRC in KRW pairs began at 4:00 PM local time on Monday, with a base price set at 98.79 won. Deposits and withdrawals were enabled within two hours of the announcement.
Bithumb has introduced a series of stringent measures to prevent extreme price fluctuations during ZRC’s initial trading phase. For the first five minutes after trading commenced, buying and selling orders were restricted to prevent prices from dropping more than 10% or rising above 100% of the standard rate.
Additionally, deposits and withdrawals for ZRC are only supported through officially recognized networks.
Zircuit, or ZRC, is an AI-integrated Layer 2 network designed to enhance the security and efficiency of decentralized applications (dApps) through the use of zero-knowledge proofs and AI-driven security. Its Ethereum Virtual Machine (EVM) compatibility allows developers to seamlessly deploy dApps without requiring them to acquire new programming skills. As per the data by DeFiLlama, the network currently has over $700 million in total value locked (TVL).
Since its launch in November 2024, the ZRC token has garnered major attention, boasting a market cap of $105 million. It has consistently maintained its market cap and price value despite the broader market slump experienced since the second half of December.
Celebratory Zircuit Token Airdrop
To celebrate ZRC’s listing, Bithumb has launched an airdrop event, offering users the chance to earn a share of 7,500,000 ZRC tokens. The event, which runs for two consecutive days, rewards participants who actively trade ZRC during this period.
However, Bithumb has issued a stern warning against fraudulent activities. Traders found engaging in suspicious practices, such as price manipulation, will be excluded from the airdrop.
At the time of writing, ZRC is trading around $0.07, reflecting a 5% gain over the past 24 hours despite a minor pullback. With its robust market entry and Bithumb’s proactive measures, Zircuit is expected to solidify its position in the DeFi scape.
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