🚨 STORJ surges 60% while Binance and Upbit remove support for the token
One move has caught the market’s attention.
STORJ recorded a gain of 60.3% over the last 24 hours, reaching about $0.04588.
The move comes after Binance ended trading support for the token on September 3.
Upbit also announced it will end support for STORJ on September 14.
The situation drew even more attention after Storj Labs announced in July a voluntary petition for reorganization under Chapter 11 in the United States.
According to the company, the goal is to reorganize historical financial obligations and continue its operations.
📊 The point that deserves attention:
Even with major changes to the token’s availability on major exchanges, the price showed a strong rise in the short term.
This does not, by itself, mean there has been a reversal of the project’s fundamentals.
You also can’t conclude from the price increase alone that there is a single cause for the move.
What’s worth watching now is the relationship between:
📈 Price increase
🏦 Reduced availability on major exchanges
💧 Liquidity conditions
⚠️ Company restructuring process
And there’s an important detail.
When liquidity changes, the price can become more sensitive to smaller orders and speculative moves.
In other words:
a strong rally doesn’t necessarily mean the risk has decreased.
A rising price doesn’t eliminate the risk in the broader context.
The question now is to understand what’s behind this move.
📰 Source: Lookonchain — 11/09/2026
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