WEMIX Plummets to 300 KRW Level Ahead of Delisting

Source
Uk Jin

Summary

  • It was reported that WEMIX has dropped to the 300 KRW range due to the delisting from domestic virtual asset exchanges.
  • The domestic exchange trading support for WEMIX will be terminated following the court’s dismissal of the injunction.
  • The WEMIX team announced that it will hold an emergency online briefing to address key matters.

WEMIX, which has been delisted from domestic virtual asset (cryptocurrency) exchanges, is exhibiting a weak trend during the trading session. As the delisting approaches, investor sentiment appears to have rapidly cooled.

At 1:47 PM (Korean time) on the 2nd, WEMIX is trading at 302 KRW on the domestic exchange Bithumb, down 7.65% from the previous day. WEMIX fell to 269 KRW around 6 AM earlier in the day but has since recovered some of its losses.

From 3 PM today, trading support for WEMIX on domestic exchanges will end. Previously, on November 30th, the court dismissed WEMIX’s request for an injunction to continue trading support at four virtual asset exchanges (Bithumb, Coinone, Korbit, GOPAX), resulting in a second delisting decision.

Meanwhile, the WEMIX team announced that it will hold an emergency online briefing session on YouTube at 6:30 PM on the 2nd. Kim Seok-hwan, the head of the WEMIX Foundation, will attend the session, and questions from holders will be collected in advance.

The WEMIX side stated, "We sincerely apologize for the decision to terminate trading support for WEMIX coins on domestic KRW exchanges as a result of the court's injunction ruling," adding, "In order to communicate directly with all WEMIX holders regarding recent major matters surrounding WEMIX, we will hold an emergency briefing at 6:30 PM on the 2nd."

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
What did you think of the article you just read?