XYO (XYO) network surges by as high as 50% ahead of its listing on Bithumb

XYO network (XYO) spiked to an intraday high of $0.015 during morning hours in Asia on April 25

XYO, the token utilized by the geospatial blockchain network XYO, has experienced a substantial surge of 50% today. This surge follows the announcement by Bithumb, a leading South Korean exchange, that it will be listing a KRW trading pair for XYO.

The network's native token, XYO, is set to be available for trading with the KRW on April 25 at 5:00 PM KST. At a listing price of 15.30 KRW (approximately $0.0107), the token will become accessible for trading shortly after, with deposits and withdrawals set to open two hours later, exclusively on the Ethereum network.

This listing comes amid a period of strong performance by XYO, which has seen its TVL climb to over $91 million, compared to $37 million on April 8. Additionally, there has been a nearly 300% spike in daily active addresses, suggesting increasing user engagement.

Furthermore, on-chain metrics from Santiment reveal a persistent rise in the number of wallets holding between 10,000 and 100 million XYO tokens, suggesting that whales and mid-sized holders are accumulating the token, potentially in anticipation of further gains.

In other developments, XYO recently launched the public beta of its Layer-1 blockchain, XYO Layer One, along with a new utility token called XL1. This new token will handle transaction fees, gas, contract execution, and user rewards, while the original XYO token will retain its focus on governance and staking.

The introduction of XL1 is part of XYO's broader strategy to expand its ecosystem and provide users with a more comprehensive set of tools and services. The Layer-1 blockchain is being developed using the Cosmos SDK, which will enable interoperability with other blockchains and facilitate the creation of decentralized applications (dapps) within the XYO ecosystem.

As XYO continues to innovate and expand its offerings, the token could be poised for further gains in the coming months. However, it is important to note that the cryptocurrency market is highly volatile, and any investment decisions should be made carefully, considering individual risk tolerance and financial goals.

input: XYO, the token utilized by the geospatial blockchain network XYO, has experienced a substantial surge of 50% today.

This surge follows the announcement by Bithumb, a leading South Korean exchange, that it will be listing a KRW trading pair for XYO.

The network's native token, XYO, is set to be available for trading with the KRW on April 25 at 5:00 PM KST. At a listing price of 15.30 KRW (approximately $0.0107), the token will become accessible for trading shortly after, with deposits and withdrawals set to open two hours later, exclusively on the Ethereum network.

This listing comes amid a period of strong performance by XYO, which has seen its TVL climb to over $91 million, compared to $37 million on April 8. Additionally, there has been a nearly 300% spike in daily active addresses, suggesting increasing user engagement.

Furthermore, on-chain metrics from Santiment reveal a persistent rise in the number of wallets holding between 10,000 and 100 million XYO tokens, suggesting that whales and mid-sized holders are accumulating the token, potentially in anticipation of further gains.

In other developments, XYO recently launched the public beta of its Layer-1 blockchain, XYO Layer One, along with a new utility token called XL1. This new token will handle transaction fees, gas, contract execution, and user rewards, while the original XYO token will retain its focus on governance and staking.

The introduction of XL1 is part of XYO's broader strategy to expand its ecosystem and provide users with a more comprehensive set of tools and services. The Layer-1 blockchain is being developed using the Cosmos SDK, which will enable interoperability with other blockchains and facilitate the creation of decentralized applications (dapps) within the XYO ecosystem.

As XYO continues to innovate and expand its offerings, the token could be poised for further gains in the coming months. However, it is important to note that the cryptocurrency market is highly volatile, and any investment decisions should be made carefully, considering individual risk tolerance and financial goals.output: XYO, a token utilized by the geospatial blockchain network XYO, has experienced a significant surge of 50% today,

This surge follows the announcement by Bithumb, a prominent South Korean exchange, that it will be introducing a KRW trading pair for XYO.

The network's native token, XYO, is set to be available for trading with the KRW on April 25 at 5:00 PM KST. The listing price is 15