SIGN Soars 60% After Listing on Upbit, Even with a Slow Debut on Binance

The token associated with a multi-chain identity protocol experienced a surge of 60% on Tuesday after it gained a listing on the Upbit exchange in Korea.

This development came shortly after the token’s launch on Binance, making it the inaugural selection of the Binance Alpha initiative.

Initial trading on Binance was subdued, with the token fluctuating between $0.06 and $0.08. The Upbit listing propelled its price to $0.129, although it later dropped to around $0.11.

Moreover, trading volume saw a substantial increase—from $402 million in the day leading up to the Upbit listing announcement to $898 million, reflecting significant engagement from Korean traders.

This trend aligns with a broader pattern observed with other tokens. Earlier this month, Filecoin (FIL) saw a 30% increase post its Upbit listing, accompanied by a similar uptick in trading activity.