While Bitcoin (BTC), Ethereum (ETH) and altcoins experienced a pullback in the last 24 hours, two altcoins attracted attention with their big increases.
At this point, altcoins named StormX (STMX) and NEM (XEM) that will be delisted on Upbit increased despite waiting for their delisted status.
According to Upbit’s statement, on July 3, South Korea’s largest cryptocurrency exchange Upbit announced that it will delist STMX and XEM.
While the delist announcement usually brings about major declines in the prices of the respective altcoins, the opposite happened for STMX and XEM.
STMX and XEM are seeing unexpected price increases, with STMX trading at 2.48 won, up nearly 190% in the last 24 hours, while XEM is trading at 10.3 won, up 160% in the last 24 hours.
While STMX and XEM have experienced a huge boom in the last 24 hours, Bitcoin and altcoins have seen declines. BTC is down 1%, Ethereum is down 2.2%, XRP is down 2.3%, and Solana (SOL) is down 3%.
*This is not investment advice.
