Espresso Token Sees 80% Price Surge Amid Korean Exchange Listings

Espresso [ESP], a shared sequencing layer for Ethereum Layer-2 rollups, has witnessed a significant surge in price following the listing on Korean exchanges Upbit and Bithumb.

The token's price skyrocketed by 80% within 24 hours, reaching $0.173 at press time, according to CoinMarketcap data. This sharp increase was accompanied by a substantial influx of capital, with volume exploding to $881M, as reported by CoinGlass. Moreover, Open Interest climbed to an all-time high of $56.03M.

The listing on Korean exchanges has historically been a catalyst for extended rallies in the cryptocurrency market. The access provided by these platforms has amplified aggressive retail-driven expansion cycles, and the deep liquidity offered by Binance has facilitated sustained trading activity. As a result, the rally appears to carry more than just hype.

With $881M in volume signaling intense capital rotation, the notion of Espresso [ESP] reaching a $1B valuation is no longer distant. However, failure to sustain leverage could lead to a sharp and brutal unwind of gains.