- Bithumb listed Redstone (RED) and Nillion (NIL), triggering a 16% rise for RED and a 16% drop for NIL.
- RED reached $0.68 while NIL fell to $0.75.
- Trading volumes for both tokens surged dramatically: RED volume rose 142% and NIL jumped 4,400%.
Bithumb has added KRW trading pairs for RedStone (RED) and Nillion (NIL), prompting notable price swings for both tokens as South Korea’s leading cryptocurrency exchange opened its market to these emerging assets.
📢 New Listing
🚀 닐리온(#NIL) 원화 마켓 추가 안내
🚀 $NIL/KRW will be listed on #bithumb!🔸 Details : https://t.co/FmkxXoDE1M #bithumb #NIL @nillionnetwork pic.twitter.com/wrugA2jFKo
— Bithumb (@BithumbOfficial) March 25, 2025
The listings produced immediate reactions across the crypto market: RedStone (RED) surged while Nillion (NIL) declined sharply.
RedStone (RED) and Nillion (NIL) go live on Bithumb
Trading for RED began at 16:00 KST with a base price of 892 KRW (around $0.68), while NIL followed at 19:00 KST with an initial price of 1,044 KRW (about $0.75).
Within hours, RED climbed more than 16%, trading around $0.68–$0.6851 across sources, driven by renewed interest in its role in decentralized data solutions.
Conversely, NIL dropped nearly 16%, trading near $0.7567–$0.75 after the initial fall, reflecting a more turbulent reception. These opposite movements underscore the unpredictable nature of crypto markets when new trading venues open.
RedStone rides a wave of optimism
RedStone, the native token of RedStone Oracles, benefited from its listing as investors responded to its data-feed offerings. The platform supplies customizable, low-cost data feeds for decentralized applications (dApps) and Layer-2 scaling solutions, compatible with both Ethereum Virtual Machine (EVM) and non-EVM blockchains.
Launched in February 2025, RED has already risen about 65% over the past month and gained exposure as the 64th project on Binance’s Launchpool. On Bithumb, the token’s market capitalization ranges roughly between $177.56 million and $192.29 million, while 24-hour trading volume surged 142% from $63.89 million to a notable $139.95 million.
With 280 million tokens circulating out of a total supply of 1 billion, RED’s upward momentum reflects strong community and investor support. The Bithumb listing further increased the token’s accessibility and liquidity.
Deposits and withdrawals are supported only on the Ethereum network and require 33 confirmations, which Bithumb enforces to protect traders. To limit manipulation at launch, Bithumb restricted new buy orders for five minutes and capped sell orders within ±10% and ±100% of the base price.
These protections did not halt RED’s rise. Over 24 hours the price ranged from $0.5847 to $0.703—below its all-time high of $0.9325 on March 6 but well above the $0.4243 low on March 11. The token’s resilience suggests optimism tied to its utility and exchange support.
Nillion faces a rocky debut
NIL’s debut on Bithumb followed a different path. Nillion Network is a Layer-1 blockchain that uses Multi-Party Computation (MPC) to enhance security and enable privacy-preserving, parallelized data processing. Launched in early March 2025, the project attracted attention for its approach to secure data handling.
Backed by notable figures such as BitMEX co-founder Arthur Hayes, Nillion drew early interest for its technical ambitions. Despite that, its Bithumb listing coincided with a roughly 16% decline, with prices falling to the $0.75–$0.7567 range from the 1,044 KRW base.
At present, NIL’s market capitalization stands near $147.7 million, ranking around 269th among cryptocurrencies—well behind RED’s placement at about 199th.
Trading volume for NIL tells a dramatic story: a 4,400% surge to $589.22 million in 24 hours, a sharp increase that contrasts with the token’s weaker price performance.
NIL is supported only on the Nillion network, with 15 deposit confirmations required. Bithumb applied the same launch protections used for RED, but those measures did not prevent the token’s early decline.
The timing of the listing, only days after the token’s launch, may have left NIL vulnerable to profit-taking or concerns about liquidity—issues Bithumb noted could delay the start of trading until 19:00 KST. Nonetheless, Nillion’s underlying technology suggests the project could recover if market sentiment improves.