We witnessed the so-called "Korean Exchange Effect" on SIGN. According to CMC website data before the deadline, the SIGN Token surged to a high of $0.128 in a short period on April 29, 2025, with an astonishing 64.91% increase in just 15 minutes, rising over 80% in the past 24 hours, and then stabilizing around $0.125. This sudden surge is widely believed to be related to the news that Upbit, Korea's largest cryptocurrency exchange, is about to launch trading pairs for SIGN in Korean Won (KRW), Bitcoin (BTC), and USDT.
Why Does Upbit Listing Cause Such a Surge?
As the market leader in the Korean market, Upbit exchange has a massive user base and significant market influence. For many projects, being listed on this platform, especially with Korean Won trading pairs, means a massive liquidity injection from Korean investors. The Korean market is known for active retail participation, and preferences for specific tokens can quickly translate into strong buying pressure. Therefore, Upbit's listing announcements are often seen as market-positive signals.
There have been many historical cases of significant catalysts after Upbit listings. For example, WalletConnect Token (WCT) surged 121% after listing on Upbit, and Compound (COMP) also rose 70% due to Upbit listing news. Recently, DeepBook (DEEP) experienced a 38% increase after listing on Upbit.
