IoTeX (IOTX) rallied 22% after major South Korean cryptocurrency exchanges Upbit, Bithumb, and Coinone reversed course on plans to delist the token, according to market data and exchange announcements.
The three platforms, which collectively represent a significant portion of South Korean crypto trading volume, had previously signaled intentions to remove IOTX from their listings. The reversal of these delisting plans removed a major headwind that had pressured the token's valuation. South Korean exchanges operate under stringent regulatory oversight, making their listing decisions closely watched indicators of asset viability in the region.
The price recovery underscores how listing decisions by major regional exchanges can materially impact token valuations, particularly when reversals suggest improved regulatory clarity or renewed institutional confidence in a project's compliance posture.