Bubblemaps (BMT) jumps after Upbit opens a Korean won market

Upbit posted its notice at 11:35 KST on 24 October 2026. It adds Bubblemaps (BMT) to the KRW market, on the Solana network, with trading scheduled to start at 12:00 KST. The notice also says the start could be postponed if liquidity is not enough once deposits and withdrawals open. A day-one report from Coingabbar says trading went live. CoinGecko showed BMT up 70.9% over 24 hours when we checked.

What is Bubblemaps? Upbit describes it as an on-chain analytics platform. Instead of a list of addresses and transactions, it shows the top holder addresses of a token as bubbles and transfers between them as lines. That makes it easier to see how a token is spread and which wallets are linked. Upbit adds that BMT is used for the service and for incentives, and that Intel Desk is a crowdsourced on-chain investigation platform.

Why do Upbit listings move prices? Upbit is described as Korea's largest won-denominated exchange. A won pair lets its users buy directly with won and puts the token in front of a large local audience. BMT already had BTC and USDT pairs on Upbit since around August, according to Coingabbar, so the new part is direct won access. That is our explanation. None of the sources measures how much of the move it caused.

Upbit itself expects a wild start. For about five minutes after trading begins, buy orders are restricted. For the same time, sell orders at a price 10% or more below the previous close are restricted. For about two hours, only limit orders are allowed. The previous close in the BTC market was 0.00000027 BTC (29.40 KRW). Upbit also warns that digital assets can face sharp price swings.

Numbers to watch, from CoinGecko on 24 October. Volume of $175.811 million against a market cap of $28.559 million is about six times, by our arithmetic. Perpetual futures volume is 7.8 times spot volume, so much of the trading is not on spot markets. Circulating supply is 754.09M BMT out of 1B. The next unlock is on 18 November: 9.7M BMT for investors, 0.97% of total supply. The price is 88.01% below its all-time high of $0.3173.

The fade risk. Coingabbar notes that listing-day spikes often fade once the opening rush cools, and that liquidity sits at 4.35% of market cap, which it calls thin. The first full week of won trading will show whether the interest holds. We do not predict price, and this is not advice. If you ever deposit BMT on Upbit, Upbit says only the Solana network is supported.

Hechos confirmados

• Upbit posted a notice at 11:35 KST on 24 October 2026 adding Bubblemaps (BMT) to its KRW market.^[1]
• Trading was scheduled to start at 12:00 KST on 24 October, on the Solana network.^[1][2]
• Upbit's notice says the start could be postponed if liquidity is not enough after deposits and withdrawals open.^[1]
• After trading starts, Upbit restricts buy orders for about 5 minutes and sell orders at a price 10% or more below the previous close for about 5 minutes. For about 2 hours only limit orders are allowed.^[1]
• The previous close in Upbit's BTC market was 0.00000027 BTC (29.40 KRW).^[1]
• Upbit describes Bubblemaps as an on-chain analytics platform that shows a token's top holder addresses as bubbles and transfers between them as lines.^[1]
• Upbit says BMT is used for the service and for incentives, and that Intel Desk is a crowdsourced on-chain investigation platform.^[1]
• Upbit supports deposits and withdrawals of BMT only on the Solana network.^[1]
• Upbit warns that digital asset investment can face sharp price swings.^[1]
• Upbit is described as Korea's largest won-denominated exchange.^[2]
• BMT already traded against BTC and USDT on Upbit since around August, per Korean market coverage cited by Coingabbar.^[3]
• Coingabbar reports that BMT began trading against the won on Upbit on 24 October 2026 at 12:00 KST.^[3]
• CoinGecko showed BMT up 70.9% over 24 hours and 124.8% over 7 days.^[4]
• CoinGecko showed 24-hour trading volume of $175.811 million and a market cap of $28.559 million.^[4]
• CoinGecko showed perpetual futures 24-hour volume at 7.8 times spot volume.^[4]
• Circulating supply is 754.09M BMT out of a 1B maximum.^[4]
• The all-time high is $0.3173, and the price is 88.01% below it.^[4]
• The next unlock is on 18 November: 9.7M BMT for investors, 0.97% of total supply.^[4]
• Coingabbar says listing-day spikes often fade once the opening rush cools, and that liquidity is 4.35% of market cap.^[3]

Implicaciones

• ConfirmadoPeople in South Korea can trade BMT directly for won on Upbit.
• ConfirmadoBy CoinGecko's figures, 24-hour volume is about six times the market cap, so the token is trading heavily for its size.
• Nuestra lecturaThe Upbit won market is the main reason for the jump.
• Nuestra lecturaA jump like this can fade or reverse after the opening rush, as Coingabbar notes for listing-day spikes.

Todavía no se sabe

• How much of the volume comes from the Upbit won pair and how much from futures and other exchanges.
• Whether volume stays high after the first week of won trading.
• Whether other exchanges add BMT trading pairs next.

A quién afecta

Global, South Korea. Anyone who saw BMT in the trending lists and wants to know why it moved

Fuentes

1. Upbit: 버블맵스(BMT) KRW 마켓 디지털 자산 추가 24 de octubre de 2026 · oficial
2. TradingView (CoinMarketCal): Bubblemaps: BMT opens spot trading on Upbit's KRW market - 24 Oct 2026 24 de octubre de 2026 · medios
3. Coingabbar: Bubble Maps Listing on Upbit Lifts BMT Price Over 50% Today 24 de octubre de 2026 · medios
4. CoinGecko: Bubblemaps Price: BMT/USD Live Price Chart, Market Cap & News Today 24 de octubre de 2026 · medios