Summary
- The Flow (FLOW) Foundation said it has filed for a court injunction to block domestic crypto exchanges’ move to end trading support.
- On the news, FLOW traded at $0.06231, rising about 50.28% over 24 hours, it said.
- The foundation said FLOW trading support remains normal on major global exchanges such as Binance and HTX.
Forecast Trend Report by Period
The Flow (FLOW) Foundation has filed for a court injunction to block domestic crypto exchanges from ending trading support, as the token’s price posts a sharp short-term surge.
According to industry sources on the 10th, the Flow Foundation on the 9th filed an application with the Seoul Central District Court for an injunction to suspend the effectiveness of delisting measures, requesting that Upbit, Bithumb and other domestic exchanges halt their decisions to end trading support for FLOW. The scheduled date for the end of trading support is the 16th.
The news sent FLOW sharply higher. According to CoinMarketCap, FLOW was trading at $0.06231 as of the day, up about 50.28% over the past 24 hours.
Meanwhile, the foundation said trading support for FLOW remains in place as normal on major global exchanges. It added that Binance recently announced a joint resolution plan with the Flow Foundation and removed its monitoring tag, and that HTX has confirmed the same measure.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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