Upbit and Bithumb announce the listing of Pyth Network, PYTH surges by 40%.

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Pyth Network PYTH Surges

On the 27th, major South Korean exchanges Upbit and Bithumb announced the listing of Solana oracle project Pyth Network PYTH.

Upbit will list it on the Korean Won and BTC markets, with trading expected to start at 17:00 Taiwan time; Bithumb will only list it on the Korean Won market, also starting trading at 17:00.

As a result, PYTH has surged by 37.5% in the past 24 hours.

🚀 피스 네트워크(#PYTH) 원화 마켓 추가 안내
New Listing : $PYTH will be added to the KRW market today.

For more details 👉 https://t.co/AjsCVUKhbF
Airdrop EVENT 🎁 https://t.co/GCQjdI0gr6#bithumb #Listing #KRWmarket #PythNetwork @PythNetwork pic.twitter.com/jF3xU3T2tG

— Bithumb (@BithumbOfficial) February 27, 2024

Meme Coin PEPE Tops Daily Gains

According to CoinMarketCap, PYTH has seen an increase of up to 103% since February.

Decentralized video streaming network Theta Network also announced that its AI computing platform EdgeCloud will launch its first version on May 1.

Additionally, meme coins Pepe PEPE and Bonk BONK have seen gains of 45% and 16% respectively in the past 24 hours. The top gainers in the top 100 market capitalization are as follows:

• Pepe PEPE: 45%

• Theta Network THETA: 40%

• Pyth Network PYTH: 37%

• Stacks STX: 26%

• Akash Network AKT: 16%

• Bonk BONK: 16%

Bitcoin Dominance Remains High

Despite Bitcoin's recent strong performance and the decent showing of the aforementioned altcoins, Bitcoin's dominance remains high at 51.9%.

Compared to Bitcoin's dominance dipping to around 40% in December 2021, this seems to indicate that the true Altcoin Season has yet to arrive.