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Altcoin Strike (STRIKE) Sees Sharp Increase Amid Delisting News

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by Giorgi Kostiuk

7 hours ago

The altcoin Strike (STRIKE) attracted market attention with a significant increase in value ahead of its delisting.

Surge in STRIKE Value

In the past two days, the value of altcoin Strike (STRIKE) increased by 240%, capturing investor interest despite the impending delisting.

Delisting Announcement by Upbit and Bithumb

South Korea's leading cryptocurrency exchanges, Upbit and Bithumb, announced they will delist the STRIKE token on August 21, 2023, citing liquidity and regulatory issues.

Experts' Warnings

Typically, delisting announcements lead to significant price drops for affected altcoins, but in STRIKE's case, the opposite has occurred. Experts noted that this phenomenon resembles a 'market exit wave,' where prices rise ahead of delisting, and they recommended caution for investors regarding STRIKE's price.

Despite the adverse news of delisting, the STRIKE altcoin managed to demonstrate impressive growth. However, experts caution investors about potential risks.

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