According to market data cited in the update, SKY jumped after Upbit’s KRW pair listing and later pulled back, while a large token transfer from staking to Binance followed the announcement.
Following Upbit’s listing announcement for Sky Protocol (SKY) and USDS trading pairs, SKY rose 16% and briefly reached $0.087 on Binance before later trading at $0.072. The update also noted that one address withdrew 31.45 million SKY from a staking contract and deposited the tokens to Binance after the announcement, with the transfer valued at about $2.46 million at a price of $0.078. Upbit had previously said it would add Sky Protocol and USDS pairs to its KRW and USDT markets on March 31.