Binance, the world's largest cryptocurrency exchange, announced support for a network upgrade and hard fork of the IoTeX (IOTX) token, according to its official statement.
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Following this announcement, the price of the IOTX altcoin increased sharply. In fact, the not very optimistic increase in the token price in this situation is explained by the activity of bots after Binance’s statements.
The company's announcement stated that deposits and withdrawals for this altcoin will be suspended on July 22, 2024 at approximately 02:00 Turkish time (UTC +3). After this, updates will be made. Deposits and withdrawals will resume at 03:05.
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