South Korea listings lift AZTEC token 82%
The token of privacy-focused Ethereum layer 2 project Aztec (AZTEC) jumped about 82 percent in 24 hours to around $0.035 after South Korea largest exchanges Upbit and Bithumb added won-denominated trading pairs (KRW).
Korean listings are known for rapidly repricing smaller tokens. A direct KRW pair gives active retail traders immediate access, often triggering momentum-driven buying, CoinDesk reported.
Amid relatively thin liquidity, AZTEC saw a sharp spike. The spread between Korean and global platforms — the so-called kimchi premium — widened temporarily before narrowing as arbitrage trading kicked in.
Aztec positions itself as an Ethereum layer 2 focused on privacy through zero-knowledge proofs. The project supports not only private transfers but also more complex smart contracts with flexible data disclosure options.
Token had shown strong debut before
Aztec is among the more prominent projects in the Ethereum L2 and privacy token segment. The team previously raised up to $170 million from investors including a16z, Paradigm, Vitalik Buterin, Aave, Coinbase Ventures and ConsenSys.The token had already posted a strong debut following listings on Coinbase and Huobi, helping push trading volume to $48 million and keeping price above $0.02. Broader liquidity rotation from Bitcoin and Ether into altcoins also supported gains.
About 28 percent of total supply — roughly 10.35 billion AZTEC — is currently in circulation. The key support level remains near $0.020; a break below could open the way toward $0.018–$0.015.
Earlier, Taurus and Aztec launched a privacy token standard aimed at financial institutions.
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