Wemade’s WEMIX worth collapsed by as a lot as 60% after the 5 predominant South Korean exchanges introduced the token’s delisting from 2nd June.
Whatever the determination, Wemade says it stays totally dedicated to the growth of the WEMIX platform via its upcoming sport launches. Enhanced safety measures and token buybacks will proceed as beforehand introduced.
Following a call from the South Korean Digital Asset Alternate Affiliation that WEMIX doesn’t “meet the standards for sustaining transaction help”, 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 concerning 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 stated its growth technique stays the identical, “Supporting the expansion and long-term worth of the WEMIX ecosystem stays essentially the most direct manner to answer the continued help of holders and the neighborhood. International growth will proceed via upcoming sport and repair launches”.
It additionally provides that “emphasis will likely be positioned on accountability, transparency, and alignment with the neighborhood to rebuild belief and exhibit continued development.”
The WEMIX token is now down 40% throughout 2025. It hit its all-time-high of virtually $25 in November 2021. Since its 60% plunge, the token has stabilised some, with a present worth of $0.39.
