New exchange listings on major platforms like Upbit can drive temporary price rallies but often fail to sustain gains, particularly for tokens with small circulating supplies and large unlocked token supplies.

"Early listing moves can reverse quickly, particularly when a token has a relatively small circulating market value and most of its total supply is not yet circulating. Past Upbit additions have produced mixed results. Venice Token traded lower after receiving KRW, BTC and USDT markets, while other tokens recorded sharp early rallies."