SLX token surged more than 160% following its listings on major South Korean exchanges Upbit and Bithumb, capitalizing on increased trading volume from retail investors in the region.
The token began trading on Upbit's spot market in South Korean won (KRW) at 02:45 UTC, with the dual listing providing liquidity across both platforms. The sharp price appreciation reflects strong initial demand from Korean traders, who represent a significant portion of global cryptocurrency volume.
The listings expand SLX's accessibility in one of Asia's largest crypto markets, historically a key driver of token momentum. The extent to which this rally sustains will depend on maintaining trading interest and broader market conditions in the coming sessions.