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January 13, 2025

Layer-2 Transition Warning: Upbit Flags IOST for Caution

Upbit has issued a cautionary flag for IOST as it prepares for a significant layer-2 transition. This move involves introducing 21 billion new tokens coupled with a tokenomics overhaul. Investors must tread carefully as this transition brings uncertainty and potential instability in price action. Observing this transition’s impact will be crucial in understanding IOST’s market trajectory. Active traders should take note of how the market responds to these changes and prepare for potential volatility. Will IOST withstand these challenges or falter amidst the transition?

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