Upbit, a cryptocurrency exchange based in South Korea, listed two new digital assets — Ravencoin (RVN) and Lagrange (LA) — on June 5. The platform launched RVN/KRW trading pair, while trading pairs for LA was launched against BTC and USDT.
Ravencoin (RVN) Price Climbs Following Upbit Listing
Ravencoin (RVN), a blockchain platform designed for the peer-to-peer transfer of digital assets, experienced a sharp price increase following the Upbit listing. Before the announcement, RVN was trading near $0.011 with a market capitalization of around $166 million.
After the KRW trading pair went live, RVN surged to over $0.022 during intraday trading before correcting. At the time of writing, RVN trades around $0.01676, shwong a 24-hour price increase of approximately 48%. Its daily trading volume has risen to $461 million — an increase of over 4,800%.
LA Records Over 100% Gain After Listings on Major Exchanges
While Lagrange (LA), a utility token issued by Lagrange Labs for its zero-knowledge infrastructure protocol, also saw elevated volatility. Along with the Upbit listing, LA was recently added to platforms including Coinbase, Bithumb, and Binance Futures, expanding its market reach.
Prior to the listing, LA was trading near $1.48 with a market cap around $287 million. It reached an intraday high of $1.70 before retreating. At the press time, LA trades at approximately $1.36 — with a gain of over 100% in the past 24 hours. Trading volume reached $440.7 million, up more than 1,100% during the same period.
Lagrange Labs conducted a 10% token airdrop between June 4 and 5, distributing LA tokens to eligible users. As with past cases — including Starknet (STRK) and LayerZero (ZRO) — newly airdropped tokens often face selling pressure once they enter circulation, contributing to short-term volatility.
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In LA’s case, the overlap between the token unlock and major exchange listings created an active trading window for recipients. The result was intraday price movement driven by both new buyer interest and airdrop-related selling.
Both RVN and LA showed sharp short-term price increases linked to their listings on new markets. Direct KRW access for RVN enabled participation from regional traders, while LA’s multiple exchange listings — including leveraged markets — intensified speculative trading.
Short-term patterns show that both tokens are now in the process of establishing new support levels following initial rallies. RVN faces resistance near $0.017, while LA is attempting to stabilize above $1.30.
