STORJ Price Crashes 34% Ahead of Upbit Delisting Deadline
STORJ crashed by 34% on Saturday as traders scrambled to sell before Upbit delisted the token. The price spike of nearly 60% in just a day was erased, leaving STORJ trading at around four cents.
The delisting notice from Upbit takes effect on Sunday at 15:00 Korean time. Binance pulled STORJ from spot trading back on September 3rd after tagging it with its Monitoring Label in May.
Despite the price drop, STORJ remains up over 32% for the week due to the spike's magnitude. However, the token has been bleeding value since its peak above $3.80 in March 2021, down more than 98% from that high.