Behind this rebound is not a typical technical activity, but a classic upgrade of liquidity structure.

Core Data Overview: THQ has risen by 37.81% in the last 24 hours, currently priced at $0.07304, with a circulating market value of approximately $10.24 million. The trigger point is very clear - the leading South Korean exchange Bithumb announced the listing of THQ trading pairs.

Essentially, this is not about "the project itself becoming stronger", but rather "the trading flow entry suddenly completing a level jump".

**Why is the impact of the exchange listings in the Korean won market on small cryptocurrencies so strong?**

It is crucial to understand three operational characteristics of the Korean won market: a very high participation rate of retail investors, emotions dominating trading decisions, and the significant enthusiasm for newly listed assets. When a cryptocurrency with a market capitalization of only tens of millions gains access to the Korean won fiat channel, the result is often not a linear increase, but rather a direct push towards a new price anchor point.

**Why was THQ chosen to go live? The focus is not on the project's fundamentals.**

To be honest, the 37% increase this time has little to do with the fundamentals of the project itself. What is the real driving force? The market cap is small enough, the circulating chips are limited, and the market has not been fully traded yet. Once it connects with the Korean won exchange, the changes in user base and trading depth will directly rewrite the pricing logic. This is a typical switch of pricing power in exchanges—same coin, different groups taking over, and the price naturally enters a new operating range.