Upbit Puts Solar (SXP) on Watchlist on January 26, 2026, Halts Deposits

On January 26, 2026, Upbit added Solar (SXP) to its trading watchlist and immediately suspended deposits over concerns about the project's viability. The exchange said the decision, made with DAXA, applies to SXP/KRW and SXP/BTC. CoinMarketCap shows SXP at $0.05 after a 21.87% 24h drop, while trading volume surged 695.90% to $31.47 million.