Upbit Places Solar (SXP) on Trading Watchlist Amid Concerns

Upbit has placed SXP (Solar) on its trading watchlist as of January 26, 2026, due to concerns over project viability, halting deposit services immediately.

This decision highlights ongoing scrutiny for cryptocurrency projects, prompting potential market volatility for SXP trading pairs SXP/KRW and SXP/BTC.

Solar (SXP) Faces Historical Decline and Market Uncertainty

Did you know? Upbit previously placed restrictions on other cryptocurrencies, such as Stellar (XLM), but those were tied to network-related upgrades rather than project substance concerns.

As of the latest update from CoinMarketCap, Solar (SXP) is trading at $0.05, with a market cap of $31.38 million and a zero percent market dominance. The token has experienced a substantial 21.87% price decrease in the past 24 hours, accompanied by a notable 695.90% surge in trading volume, reaching $31.47 million. Recent movements reflect sharp declines over multiple time frames, marking a 61.60% drop over 90 days. CoinMarketCap verifies its current market data.

Expert insights from Coincu highlight that this scrutiny could lead to increased regulatory attention and stress tests on similar projects’ market viability. Analyzing historical trends, major exchanges may enforce robust checks to enhance market stability, portending financial adjustments in volatile sectors.

Market Data and Insights

Did you know? Upbit previously placed restrictions on other cryptocurrencies, such as Stellar (XLM), but those were tied to network-related upgrades rather than project substance concerns.

As of the latest update from CoinMarketCap, Solar (SXP) is trading at $0.05, with a market cap of $31.38 million and a zero percent market dominance. The token has experienced a substantial 21.87% price decrease in the past 24 hours, accompanied by a notable 695.90% surge in trading volume, reaching $31.47 million.

Expert insights from Coincu highlight that this scrutiny could lead to increased regulatory attention and stress tests on similar projects’ market viability. Analyzing historical trends, major exchanges may enforce robust checks to enhance market stability, portending financial adjustments in volatile sectors.