Haedal Protocol, backed by OKX Ventures, surges by 50% in anticipation of its listing on Bithumb
Spiked Listing: Haedal Skyrockets 50% on Bithumb Exchange
Haedal, the liquid staking protocol built on the Sui blockchain, saw a massive surge of up to 50% today, just before listing on South Korea's leading crypto exchange, Bithumb.
According to the latest data from CoinGecko, Haedal's native token, HAEDAL, hit an intraday high of $0.174 during the Asian morning session on May 2, 2025. This impressive rally translates to over 100% gains from its post-launch lows, pushing the market cap to a whopping $32 million. Daily trading volume soared by nearly 20%, hitting around $180 million.
The primary driving force behind this surge was the announcement by Bithumb, the significant South Korean exchange, revealing the addition of a KRW trading pair for the HAEDAL token, set to go live at 6:00 PM KST on May 2.
Bithumb isn't the only player supporting HAEDAL. Earlier listings on Binance Alpha, Bybit, KuCoin, and MEXC happened on April 29, just after the token generation event and mainnet launch on the same day. At launch, the total supply of HAEDAL tokens stood at 1 billion.
The hype surrounding HAEDAL didn't stop at the exchange listings. Data from CoinGlass indicates that open interest in HAEDAL futures skyrocketed by 210% in just 24 hours, surpassing $45 million. The funding rate remained relatively stable at 0.0050%, suggesting most traders are confident the rally will continue, holding bullish positions.
Launched back in 2023, Haedal distribution included an airdrop offering 5% of its total supply, or 50 million HAEDAL tokens, to active users within its products and Sui ecosystem partnerships. However, the token price plummeted nearly 50% immediately after the airdrop as many enthusiastic community members cashed out their newly acquired tokens.
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Founded in 2023, Haedal is a unique liquid staking protocol developed on the Sui blockchain, empowering users to stake SUI tokens while retaining liquidity. Its primary objective is to let users earn staking rewards concurrently while engaging in Decentralized Finance (DeFi) activities.
The HAEDAL token plays a pivotal role in the Haedal protocol, serving as the governance and utility token for managing staking rewards, liquidity incentives, and fee discounts.
With backing from top-tier investors like Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation, Haedal aims to bolster its liquid staking infrastructure and DeFi solutions on the Sui network.
To make DeFi and staking more accessible to users and maximize returns, Haedal combines staking rewards with DeFi yields, offers one-click staking with no lock-up periods, and supports staking for multiple assets, such as SUI and WAL tokens, issuing corresponding haTokens (haSUI/haWAL). All these features are built upon Sui’s high scalability and low fees for enhanced staking efficiency.
As with any investment, it's crucial to do thorough research before investing in Haedal or any other cryptocurrency.
- Despite a temporary drop following its airdrop, Haedal's native token, HAEDAL, has since seen an impressive rally of over 100%, reaching an intraday high of $0.174 on South Korea's Bithumb exchange.
- Haedal, a liquid staking protocol built on the Sui blockchain, is positioned to boost its liquid staking infrastructure and DeFi solutions, thanks to backing from investors like Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation.
- The primary objective of Haedal is to enable users to earn staking rewards while simultaneously engaging in Decentralized Finance (DeFi) activities.
- In 2023, Haedal distribution included an airdrop offering 5% of its total supply, or 50 million HAEDAL tokens, to active users within its products and Sui ecosystem partnerships.
- To make DeFi and staking more accessible, Haedal combines staking rewards with DeFi yields, offers one-click staking with no lock-up periods, and supports staking for multiple assets.
- In the industry of technology, Haedal's liquid staking protocol is built upon Sui’s high scalability and low fees for enhanced staking efficiency.
- In the world of finance, the HAEDAL token serves as the governance and utility token for managing staking rewards, liquidity incentives, and fee discounts.
- Thebinance exchange, alongside Binance Alpha, Bybit, KuCoin, and MEXC, have all listed HAEDAL, with Bithumb's KRW trading pair set to go live in 2025.
