Surprise Altcoin has jumped 90% in the last 24 hours! Here’s the possible reason.

According to the data from the crypto tracking platform CoinMarketCap, the price of FLock.io (FLOCK) altcoin has shown a %89 rise in the last 24 hours.

The altcoin listed on major exchanges like Bybit and Upbit is not listed on the largest crypto exchanges such as Coinbase and Binance.

Yesterday at this time, FLOCK, which was trading around 0.11 dollars, is currently hovering at the level of 0.217 dollars.

FLock.io is known as a decentralized artificial intelligence (AI) collaboration platform. However, the reason for the token’s rise is attributed to its listing on Upbit and Bithumb, the largest cryptocurrency exchanges in South Korea, two days ago. The altcoin’s trading volume had significantly increased following its listing on these exchanges.

However, FLOCK is trading at a level that is %76 lower than its all-time high price record of 0.89 dollars set in January.

According to the data, 41% of the current FLOCK supply in circulation is held by the top 10 Crypto wallets that hold the asset in their portfolio.

*It is not investment advice.

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