ICX Surges 11% Amid South Korean Regulatory Shift and Sonic Network Migration, Trading Volume Hits $24.6M

ICON (ICX) has experienced a significant price increase over the past 24 hours, rising 11.01% from a 24h open of $0.1517 to a current price of $0.1684, according to Binance data. This upward movement is primarily attributed to heightened trading activity following recent regulatory changes in South Korea, such as the Virtual Asset User Protection Act, which have increased institutional interest and demand for ICX on Korean exchanges. Additionally, positive sentiment has been reinforced by technical developments, including the SODAX rebrand and migration to the Sonic Network, which have contributed to renewed investor confidence.

Currently, ICX is trading at $0.1684 with a 24-hour trading volume of approximately $24.6 million and a market capitalization of around $178.8 million, ranking it #240 on CoinMarketCap. The asset has shown strong recovery from its weekly low, with active participation and upward price momentum observed throughout the week.