FLOW, the native token of the Flow blockchain, jumped more than 50% in 24 hours after the Flow Foundation filed an emergency injunction in a Seoul court to halt a planned delisting by South Korea’s largest cryptocurrency exchanges.
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The legal move, combined with a recent regulatory upgrade by Binance, triggered a sharp recovery for the Layer-1 blockchain following months of downward pressure.
Legal Intervention in Seoul
The Flow Foundation and Dapper Labs filed a motion with the Seoul Central District Court on March 9, seeking to suspend the termination of trading support on Upbit, Bithumb, and Coinone.
The exchanges had previously scheduled a full delisting for March 16, citing a Flow chain protocol hack in December, when roughly $3.9 million in fake tokens were minted. The incident had caused FLOW’s price to plunge by more than 50%.
Independent audits later confirmed the integrity of legitimate tokens, and major global exchanges including Binance, Coinbase, and Kraken have since restored full FLOW services. The South Korean court decision is still pending.
South Korea is one of FLOW’s largest markets. The country accounted for nearly half of the token’s global 24-hour trading volume. It is also the world’s second-largest cryptocurrency market, with KRW trading volumes reaching $663 billion in 2025 and nearly one-third of adults holding digital assets.
Binance Status Upgrade
The price rally gained additional momentum after Binance removed the “Monitoring Tag” from FLOW on March 6, a designation reserved for high-risk assets.
Technical and Narrative Shift
Since then, FLOW trading volume has spiked 500%. The token rose to $0.0643 from a low of $0.041 earlier in the week, as investors anticipated a revival in the Korean market.
FLOW had traded at multi-month lows following the December 2025 exploit. Its price had already dropped from around $0.40 in September 2025, pressured by broader crypto market weakness amid the U.S. Federal Reserve’s halt on interest rate cuts and new trade tariffs. Declining interest in NFTs, Flow’s core focus, and lower trading volumes contributed to a cumulative drop of over 90%.
Why This Matters
While the Seoul court is expected to rule on the injunction shortly, the current FLOW token price action indicates the market is pricing in a high probability that the delisting will be paused.
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People Also Ask:
FLOW is the native cryptocurrency of the Flow blockchain, a layer-1 network designed for NFTs, games, and consumer apps.
Some exchanges planned to delist FLOW after a December 2025 protocol exploit that temporarily created $3.9 million in fake tokens.
South Korea is a major crypto market, contributing significant retail trading volume, making it a key source of liquidity and speculative demand for FLOW.