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We witnessed the so-called "Korean Exchange Effect" at SIGN. Before the deadline, according to CMC website data, the SIGN Token briefly surged to a high of $0.128 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 list SIGN trading pairs with Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).

Why Did Upbit Listing Cause Such a Surge?

As the leading platform 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 positive market signals.

There have been many significant catalytic cases of Upbit listings in history. For example, WalletConnect Token (WCT) surged 121% after listing on Upbit, Compound (COMP) also rose 70% due to Upbit listing news. Recently, DeepBook (DEEP) experienced a 38% increase after listing on Upbit.