ZORA Trades on the BASE Network

According to Bithumb’s official statement, ZORA operates on the BASE network, and deposits are currently supported only through this network. Transfers made from other networks will not be valid at this time. The listing decision for ZORA is linked to the growing interest in the BASE ecosystem and its developing NFT infrastructure. Analysts noted that this new listing could present a significant opportunity for Korean investors.

Zora Network is a Layer 2 platform built on Ethereum, designed to provide fast, cost-effective, and scalable media on-chain solutions. It is considered an ideal infrastructure for NFT management, offering improved performance and lower transaction costs.

RECALL Now Trading with Zero Fees on the KRW Market

Bithumb also announced the listing of RECALL (RECALL) in the KRW market. Like ZORA, RECALL will also be available with zero trading fees during the launch period. The exchange advised users to plan their transfers carefully to avoid congestion during the listing period.

Recall (RECALL) is a next-generation infrastructure token focused on digital data security and recall mechanisms on the blockchain. The project aims to provide solutions in data retrieval, privacy control, and AI-powered memory management.

Bithumb Listings Boost Market Activity in Korea

The simultaneous listing of two new digital assets by Bithumb has sparked increased activity in the Korean market. Trading volumes for ZORA and RECALL are expected to rise rapidly, thanks to the zero-fee trading advantage and BASE network integration. These listings are seen as part of Bithumb’s strategy to strengthen its competitive edge in the South Korean crypto landscape.

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Trading Start Date and Time

According to information released by Upbit, trading for the ZORA token began on October 17, 2025, at 07:30 AM KST. Shortly after the listing, the token’s price surged by approximately 15%. Investors were able to take advantage of the initial volatility in the first few minutes following the listing to execute buy and sell orders.

What Is Zora?

The Zora Network is a Layer 2 platform built on Ethereum, designed to provide fast, cost-efficient, and scalable media on-chain solutions — making it an ideal infrastructure for NFT management. As an Ethereum Layer 2, Zora extends Ethereum’s capabilities, allowing users to benefit from its advantages while introducing enhanced performance and user experience.

Built on the open-source OP Stack maintained by the Optimism Collective, the Zora Network establishes a strong foundation for security, reliability, and innovation, positioning itself as one of the most promising ecosystems for decentralized media and creative assets.

Investor and Market Outlook

Analysts believe that ZORA’s listing on Upbit will boost both the token’s trading volume and market visibility. Its inclusion in the KRW trading pair makes access easier for South Korean investors while enhancing liquidity across the platform.

The immediate price surge following the listing indicates strong early demand and short-term investor enthusiasm. Market participants are closely monitoring price fluctuations in the first trading hours, seeking strategic buy-and-sell opportunities during periods of volatility.

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Upbit Lists ZORA Token

Upbit has officially added ZORA token, trading immediately after the announcement. The token experienced a ~17% price increase, demonstrating renewed interest in the content creator-focused platform.

ZORA is now available for trading on the Base network with KRW, BTC, and USDT pairs. Deposits and withdrawals are only supported through the official contract address. Temporary trading restrictions apply during the launch period to stabilize initial trading activity, allowing only limit orders for the first two hours.

Bithumb Lists Infinit, Doodles, and YieldBasis

Bithumb also listed Infinit (IN), Doodles (DOOD), and YieldBasis (YB). The announcement caused modest price gains for all three tokens:

• IN: +6.78%

• DOOD: +8.37%

• YB: +8.41%

Deposits and withdrawals must be made through the supported networks only. This expansion increases Bithumb’s trading options and strengthens investor engagement.

Market Reaction and Investor Insight

The listings quickly impacted the market on both exchanges. Upbit and Bithumb implemented temporary restrictions to prevent extreme price fluctuations. Investors closely monitor trading volume and price movements of ZORA and the other newly listed altcoins.

Analysts note that these listings improve visibility for content creator-focused tokens. Trading options in KRW and USDT also make transactions easier and faster for investors.

Listing Summary

• Upbit: ZORA token listed, +17% price increase.

• Bithumb: Infinit, Doodles, YieldBasis listed, gains between 6.78%–8.41%.

• All deposits and withdrawals must use the supported networks and contract addresses.

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Record Price and Whale Support

On August 11, ZORA hit $0.139, pushing its market cap above $436 million. This price represents an increase of about 1,600% compared to its lowest level in July.

The main driver behind this surge is the interest from large investors known as “whales.” According to Nansen data, since August 4, the amount of ZORA held in whale wallets has increased by 16.4%, rising from $29 million to $33.9 million. This is generally interpreted by market participants as a bullish signal, encouraging smaller investors to buy as well.

Role in the Base Ecosystem

ZORA is at the center of the “creator coin” model in the Base ecosystem. In the Base app, each social post triggers ZORA’s smart contracts to mint a unique ERC-20 token related to that content. These tokens can be traded instantly, and content creators receive a share of both the supply and the transaction fees.

Since the app’s relaunch, more than 2 million creator coins have been minted, around 3 million traders have joined the ecosystem, and a total of $512 million in trading volume has been generated. This active usage provides a strong growth story supporting ZORA’s value.

This content does not constitute investment advice. Markets carry high risks, and it is important to conduct your own research before making any investment decisions.

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Binance Futures will introduce the following USDT-margined perpetual contracts with up to 50x leverage: 

• ZORAUSDT Perpetual Contract — Launching on July 25, 2025, at 11:00 UTC 
• TAGUSDT Perpetual Contract — Launching on July 25, 2025, at 11:15 UTC 

Both ZORA (ZORA) and Tagger (TAG) tokens are already available on Binance’s Alpha Market. Binance has set the initial funding rates for the perpetual contracts between -2.00% and +2.00%, with updates occurring every four hours. Funding rates, maximum leverage, and trading limits may be adjusted based on market conditions. 

• Contract Details: 
• Underlying Assets: ZORA (ZORA) and Tagger (TAG) 
• Settlement Asset: USDT 

Contract Addresses: 

• ZORAUSDT: 0x1111111111166b7fe7bd91427724b487980afc69 
• TAGUSDT: 0x208bf3e7da9639f1eaefa2de78c23396b0682025 
• Tick Size: 0.00001 (ZORAUSDT), 0.0000001 (TAGUSDT) 
• Capped Funding Rate: +2.00% / -2.00% 
• Funding Fee Settlement Frequency: Every 4 hours 
• Maximum Leverage: 50x 
• Trading Hours: 24/7 
• Multi-Assets Mode: Supported 

Click to Register to Binance Exchange with 20% Commission Discount!

Project Overview

ZORA: A decentralized social network empowering creators within the new creator economy. 

Tagger: A next-generation data management platform enabling data to be gathered, labeled, verified, and exchanged without a centralized authority.

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Pollak stated that while he values provocative art, posting such a piece publicly was a mistake, especially considering his role and visibility in the crypto ecosystem.

Critics Slam the Message

The GIF in question rotated through words like “art”, “ideas”, and controversial ones like “pimping” and “squirting.”

Crypto figure Kristel wrote: “So we’re just casually platforming pimping now? This isn’t it.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Kanto Labs called it a “PR nightmare,” and David Z. Morris warned: “This hurts crypto’s image — especially when we’re trying to frame open finance as a social good.”

Pollak’s Apology Welcomed by Some

Despite the backlash, some praised Pollak for owning up.

“We all make mistakes, what matters is how we grow from them,” said Zuri.

David Hoffman of Bankless commented, “This is leadership.”

Others, like Kyle Reidhead, encouraged boldness: “Do and share whatever you want — no apology needed.”

Base Also Caught in Token Controversy

Just days prior, Base drew attention after posting about a memecoin on Zora using the slogan “Base is for everyone.”

The platform’s system automatically tokenized the content, which quickly hit a $17.1M market cap — then crashed to $1.9M in 20 minutes.

A Coinbase spokesperson clarified: “Base did not launch or sell any token. This is not an official Base token.”

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This situation arose after ZachXBT used the Zora protocol in August to issue open-edition NFTs called “243M Theft” as a free token related to his investigation into a $243 million theft. Unbeknownst to ZachXBT, the Zora protocol automatically converted these open-edition NFTs into ERC-20 tokens, allowing these tokens to be traded as memecoins on decentralized exchanges.

ZachXBT clarified that the intent behind the digital collectible was to permanently archive investigative content on the blockchain. He likened this approach to his previous articles hosted on Mirror. However, he emphasized that the Zora user interface did not clearly indicate that an ERC-20 token would be issued after the NFT minting process.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

In response to a post by crypto influencer Ansem regarding the token, ZachXBT stated, “The Zora UI currently does not inform creators that an ERC-20 token will also be launched at the end of an open edition NFT mint.” He also shared screenshots as evidence of the lack of information on this critical aspect of the user interface.

Zach minted his most recent Zora investigation using the “ERC20z” token standard, resulting in the creation of approximately 3,500 tokens on the Base network.

Zora’s automatic liquidity function is implemented through an extension of ERC-1155 called ERC20z. This standard allows NFTs to be wrapped into ERC-20 tokens or unwrapped back into ERC-1155 tokens. This enables seamless trading on decentralized exchanges like Uniswap, similar to the functionality offered by token creation platforms such as pump.fun. Apparently, Zora has made this standard the default option for all new minting processes. However, the provision of automatic liquidity led to the token being bought and sold on secondary markets, contrary to ZachXBT‘s intention.

Initially valued at nearly zero, the token’s market cap rose dramatically, reaching a total market cap of $3.4 million with a current valuation of $970 per token at the time of writing.

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