HAEDAL governance and utility token increased by more than 25% when it started trading on Bithumb. The price achieved $0.1742 but stopped just below its $0.1744 record from three days before.

HAEDAL trades at $0.1602 at this moment while its market capitalization increased to $31.16 million according to CoinMarketCap statistics. This sudden increase in token value shows that more investors now trust HAEDAL after its rough start this week.

Bithumb Launches KRW Trading for HAEDAL Token

Bithumb announced its KRW (South Korean Won) trading service for HAEDAL starting at 6:00 PM KST on this day. Right after its mainnet launch on April 29, HAEDAL secured multiple exchange listings from Binance Alpha, Bybit, KuCoin, and MEXC driving its price growth.

The Bithumb listing brings significant value to HAEDAL since it updated its exchange operations to elevated standards. This new product attracts new buyers among individuals and institutions alike.

HAEDAL Soars 25% After Bithumb Listing, Nears ATH

According to CoinGlass statistics, HAEDAL’s futures market experienced large growth as its open interest increased by 128% in one day to exceed $40 million. The 0.0050% funding rate stayed level as investors kept balancing their positive and negative outlook.

The Haedal Protocol serves as a new approach to liquid staking through its development on the Sui blockchain. Users can stake their SUI or WAL tokens at the platform to earn validator rewards through haSUI and haWAL while keeping their Decentralized Finance (DeFi) capabilities intact.

HAEDAL Poised for Leadership in the Sui Ecosystem

HAEDAL brings governance privileges plus additional rewards and income shares to people who put their tokens in HAEDAL contracts. Bithumb added HAEDAL as a listed token during a major regulation period.

On May 1 South Korea’s Fair Trade Commission declared Bithumb as a conglomerate because of its rapid business growth and market-leading position in digital asset trading.

HAEDAL Soars 25% After Bithumb Listing, Nears ATH

Although Bithumb received official recognition, it must now follow enhanced regulatory demands, which could impact the growth of tokens like HAEDAL. Many traders expect HAEDAL’s gains to slow down for now but experts maintain their positive outlook on its future development based on Haedal Protocol’s strategy.

Prime control over Sui technology and rapid listings makes HAEDAL a candidate for Sui platform leadership, according to Yoon Ji-hye’s crypto analyst report.

Crypto market participants are watching HAEDAL’s price movement to see if this recent development will lead to a prolonged rally or a temporary pause before another uptrend.