Flow Token Surges 50% After Applying for Injunction Against South Korean Exchange Delistings

The Flow (FLOW) blockchain project, launched by Dapper Labs in 2020, recently faced delisting issues from major South Korean exchanges. Upbit, Bithumb, and other mainstream Korean platforms had announced plans to terminate trading support for FLOW starting March 16. In response, the Flow Foundation submitted a temporary injunction application to the Seoul Central District Court on March 9, requesting the court to prevent the exchanges from implementing the delisting decision.

Following the announcement, the market reacted quickly, with the FLOW price surging over 50% in 24 hours. According to CoinMarketCap data, the price once rose to $0.0626. Analysts pointed out that investors responded positively to the project's proactive rights protection efforts, significantly boosting market confidence.

It is worth noting that despite the planned delisting by South Korean exchanges, FLOW trading remains normal on major international platforms. Global exchanges such as Binance and HTX have not only maintained services, but Binance recently issued a joint statement with the Flow Foundation, removing the previous "tracking tag" on the token. HTX has also independently confirmed the continuity of its services, indicating that the project's fundamentals and global market support have not been substantially affected. The Flow Foundation emphasized that its ecosystem is still operating stably, and major global trading platforms are maintaining normal trading. This legal action aims to protect user rights and market fairness, rather than simply responding to short-term price fluctuations.