STRIKE jumps 289% on South Korea’s Upbit despite delisting notice

An unusual price spike has been observed in STRIKE, a token set to be delisted from South Korean crypto exchanges such as Upbit and Bithumb. Despite the delisting notice, STRIKE surged nearly 290% following the announcement. After falling to a low of around 7,600 won ($5.52) shortly after Upbit's delisting notice at 09:20 UTC on July 21, the token rebounded sharply, reaching 29,590 won ($21.47) on Upbit by July 23, marking a 289% increase from the low. At the time of publication, STRIKE is trading at 26,300 won ($19.09) on Upbit, up 44% on the day.