HAEDAL Token Explodes 50% as Bithumb Listing Looms!

Get ready, crypto fans! HAEDAL just skyrocketed by up to 50% today, and it's all because of its upcoming debut on South Korea's Bithumb exchange!

Hang onto your hats—Haedal (HAEDAL), the liquid staking protocol, blasted off to a jaw-dropping intraday peak of $0.174 this morning in Asia on May 2. That's a whopping 100% jump from its post-launch lows! The market cap hit a cool $32 million, and the daily trading volume shot up 20% from the day before, smashing through to about $180 million.

What's fueling this wild ride? None other than Bithumb, the heavyweight South Korean crypto exchange, announcing they're adding a KRW trading pair for the HAEDAL token, kicking off at 6:00 PM KST on Friday, May 2, 2025. Buckle up, it's going to be a thrilling ride!

Bithumb isn't the only one jumping on the HAEDAL train. It follows hot on the heels of listings on Binance Alpha, Bybit, KuCoin, and MEXC, all of which happened on April 29 right after Haedal's token generation event and mainnet launch. And get this—Haedal kicked off with a total supply of 1 billion tokens!

The frenzy didn't stop there. The derivatives market for HAEDAL went wild after the news hit. CoinGlass data shows open interest in HAEDAL futures skyrocketed 210% in just 24 hours, breaking the $45 million mark. And guess what? The funding rate stayed rock solid at 0.0050%, meaning the bulls are out in force, betting big that this rally's just getting started!

At launch, Haedal threw a 5% airdrop party, handing out 50 million HAEDAL tokens to users diving into its products and partnering with the Sui ecosystem. But hold your horses—hours later, the price tanked nearly 50% as a bunch of folks cashed out their airdropped goodies. Wild times!

What is Haedal?

Listen up! Founded in 2023, Haedal is shaking things up as a liquid staking protocol on the Sui blockchain. It lets you stake your SUI tokens and snag haSUI, a liquid, yield-generating derivative, so you can keep raking in those staking rewards while you play the DeFi game.

Now, the HAEDAL token? It's the powerhouse behind the protocol's governance, staking rewards, liquidity incentives, and sweet fee discounts.

And check this out—back in January 2025, Haedal nabbed seed funding from big shots like Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation to turbocharge its liquid staking infrastructure and DeFi solutions on the Sui network.

Disclaimer: This article isn't your financial advisor. It's just here to school you, not steer your investments.