Both tokens have rallied by as much as 40% in the past 24 hours with hundreds of millions of dollars in trading volumes on local crypto exchanges.
The ICX-Korean won token pair saw over $420 million in trading volume on UpBit, a prominent South Korean exchange, CoinGecko data shows. The SXP-won trading pair saw over $490 million in volume, more than either bitcoin or ether trading pairs. In both cases, trading volume exceeded market value: SXP had a market capitalization of $455 million at writing time on Tuesday, while icon’s capitalization is just under $350 million.
The payments-focused blockchain Solar Network is the rebranded mainnet of Swipe, previously a debit card provider whose purchase. Last week, Binance said it would support a token migration of SXP in the coming days – which may have buoyed recent interest. ICX is popular in South Korea for its local roots. The network allows users to transfer tokens between different blockchains allowing ICX to be used for staking, network governance and collateralization on
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