'Strike', Scheduled for Delisting, Soars 268% in Two Days
Son Min
Summary
- Strike (STRIKE), which is scheduled to be delisted from Korean exchanges, has reportedly soared 268% over the past two days.
- It has been pointed out that the "delisting beam" phenomenon—where prices surge ahead of delisting—requires investors to be cautious.
- Significant price gaps with the global market rate and the delisting beam phenomenon highlight the risk of major losses for investors.
Strike (STRIKE), which is set to be delisted from Korean virtual asset (cryptocurrency) exchanges such as Upbit and Bithumb, is showing a steep rise.
According to Upbit on the 23rd (local time), at 10:56 AM, Strike was trading at ₩26,280, up 43.92% from the previous day. This marks an astonishing 268% surge over the past two days.
This appears to be a case of a 'delisting beam' phenomenon, where the price surges ahead of delisting. Strike is scheduled to be delisted from Korean exchanges on August 21.
Accordingly, investors are advised to exercise caution with this asset. Significant price differences from global market rates or participation in phenomena such as the 'delisting beam' can result in substantial losses.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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