Wemade’s WEMIX value collapsed by as a lot as 60% after the 5 foremost South Korean exchanges introduced the token’s delisting from 2nd June.
Whatever the resolution, Wemade says it stays absolutely dedicated to the growth of the WEMIX platform by means 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 Change 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 issues 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 high supply of buying and selling quantity.
In response to the delisting information, Wemix has mentioned its growth technique stays the identical, “Supporting the expansion and long-term worth of the WEMIX ecosystem stays probably the most direct manner to reply to the continued help of holders and the group. International growth will proceed by means of upcoming sport and repair launches”.
It additionally provides that “emphasis might be positioned on accountability, transparency, and alignment with the group to rebuild belief and show 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 value of $0.39.
