Bullish
Upbit Delisting STORJ JASMY TT Triggers Immediate Price Declines
16:51
South Korea's Upbit halts trading for STORJ, JASMY, and TT pairs from September 14. TT drops 6.62%, JASMY 5.25%, and STORJ 1.98% post-announcement.
Woofun AI reports that Upbit, the largest cryptocurrency exchange in South Korea, will cease trading support for STORJ, JASMY, and TT effective September 14, impacting six trading pairs. Following the disclosure, TT price declined by 6.62%, JASMY fell by 5.25%, and STORJ dropped by 1.98%. Storj Labs filed for bankruptcy last month, while TT's market capitalization stands at approximately $1.9 million, with its price having decreased by over 57% in the preceding 24 hours.
WOOFUN AI
Impact Assessment · Quick Read
The delisting of these assets from a major Korean venue removes significant liquidity sources, likely exacerbating volatility for low-cap tokens like TT. Storj Labs' recent bankruptcy filing adds fundamental risk to STORJ, potentially discouraging institutional participation. Market participants should monitor order book depth on remaining exchanges for signs of continued downward pressure.
Generated by WOOFUN AI · For reference only, not investment advice
Comments
No comments yet.