Wemade’s WEMIX worth collapsed by as a lot as 60% after the 5 foremost South Korean exchanges introduced the token’s delisting from 2nd June.
Whatever the choice, Wemade says it stays absolutely dedicated to the enlargement of the WEMIX platform by way of its upcoming sport launches. Enhanced safety measures and token buybacks will proceed as beforehand introduced.
Following a choice from the South Korean Digital Asset Trade Affiliation that WEMIX doesn’t “meet the criteria for maintaining transaction support”, 5 main native exchanges together with Upbit, Bithumb, Coinone, Korbit and Gopax introduced plans to delist the token for the second time.
This occurred following Wemade’s delayed response to the theft of $6.2 million tokens from its cross-chain protocol Play Bridge in February 2025. The token was beforehand delisted in 2022 over considerations in regards to the variety of circulating tokens.
Other than the Korean exchanges, WEMIX is traded on the Gate, Kucoin and MEXC exchanges amongst others, though Korean outfit Bithumb was its prime supply of buying and selling quantity.
In response to the delisting information, Wemix has mentioned its enlargement technique stays the identical, “Supporting the growth and long-term value of the WEMIX ecosystem remains the most direct way to respond to the continued support of holders and the community. Global expansion will continue through upcoming game and service launches”.
It additionally provides that “emphasis will be placed on accountability, transparency, and alignment with the community to rebuild trust and demonstrate continued advancement.”
The WEMIX token is now down 40% throughout 2025. It hit its all-time-high of just about $25 in November 2021. Since its 60% plunge, the token has stabilised some, with a present worth of $0.39.
