Wormhole (W) saw a significant trading volume increase, reaching $500 million after its listing on the South Korean exchange Upbit. This rise occurred despite challenging market conditions.

The listing ignited market excitement, leading to a 25% price surge. At a current price of $0.37, Upbit’s announcement, pairing W with KRW, BTC, and USDT, played a crucial role.

The heightened trading and price upticks signal a bullish market trend. On-chain data shows a positive sentiment on social platforms, which, if sustained, could propel the price beyond $0.37.

Wormhole recently touched a low of $0.16 but has since seen a 90% increase over three weeks, supported by improving Chaikin Money Flow metrics.

Predictions suggest the price could rise to $0.45 or $0.52 unless distribution dynamics reverse these gains.