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SIGN Rises 60% on Upbit Listing Despite Slow Start on Binance
SIGN's rise is similar to FIL which also rose on an Upbit listing this month.
Updated Apr 29, 2025, 1:04 p.m. Published Apr 29, 2025, 10:04 a.m.
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What to know:
- SIGN rose from $0.08 to $0.129 after Upbit's listing announcement.
- 24-hour trading volume increased from $402 million to $898 million following the listing.
- It follows a trend of Korean exchange listings after FIL rose 30% earlier this month.
SIGN, the token linked to its namesake's multi-chain identity protocol, rose by 60% on Tuesday after being listed on Korean exchange Upbit.
The listing follows the token's release on Binance, where it became the first project to be selected by the Binance Alpha campaign.
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Trading was initially muted on Binance as it traded between $0.06 and $0.08. The Upbit listing boosted prices to $0.129 before receding to $0.11.
Trading volume also increased from $402 million in the 24-hour period prior to Upbit's listing announcement to $898 million, indicating notable interest among Korean traders.
The move follows a wider trend related to Korean exchange listings, earlier this month filecoin rose by 30% following an Upbit listing alongside a similar rise in trading volume.
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