ICX Jumps 11.73% After SODAX Rebrand and South Korea Regulatory Shift Fuel Trading Surge

ICON (ICX) has experienced a notable price increase of 11.73% in the last 24 hours, now trading at $0.1724 on Binance. This recent surge is primarily attributed to heightened accumulation on Korean exchanges following regulatory changes in South Korea, such as the Virtual Asset User Protection Act, as well as the project's major rebranding announcement to SODAX and its strategic pivot from a Layer-1 blockchain to cross-chain liquidity products. The migration of ICX tokens to the new SODA token has also contributed to increased trading activity and market interest.

Currently, ICX maintains a 24-hour trading volume of $25,419,005 and a market capitalization of $179,083,526, ranking it #240 on CoinMarketCap. The asset has shown strong upward momentum over the past week, with a 30% increase from last week's value and consistent daily gains, reflecting active market participation and positive sentiment surrounding recent developments.