While the ups and downs in Bitcoin (BTC), Ethereum (ETH) and altcoins continue, one altcoin attracted attention with its big rise.
At this point, the altcoin named Strike (STRIKE), which will be delisted on Upbit and Bithumb, increased despite waiting to be delisted.
Accordingly, STRIKE gained 240% in value in the last two days.
South Korea’s largest cryptocurrency exchanges Upbit and Bithumb announced that they will delist the STRIKE token on August 21, 2023, citing liquidity and regulatory concerns.
While the delist announcement usually brings large drops in the prices of the relevant altcoins, the opposite happened for STRIKE.
This situation was described as similar to a “stock market exit wave,” where the price rises before the delisting. Therefore, experts advised investors to be cautious about the STRIKE price.
*This is not investment advice.
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