Wemade’s WEMIX price collapsed by as much as 60% after the five main South Korean exchanges announced the token’s delisting from 2nd June.
Regardless of the decision, Wemade says it remains fully committed to the expansion of the WEMIX platform through its upcoming game launches. Enhanced security measures and token buybacks will proceed as previously announced.
Following a decision from the South Korean Digital Asset Exchange Association that WEMIX does not “meet the criteria for maintaining transaction support”, five major local exchanges including Upbit, Bithumb, Coinone, Korbit and Gopax announced plans to delist the token for the second time.
This occurred following Wemade’s delayed reaction to the theft of $6.2 million tokens from its cross-chain protocol Play Bridge in February 2025. The token was previously delisted in 2022 over concerns about the number of circulating tokens.
Aside from the Korean exchanges, WEMIX is traded on the Gate, Kucoin and MEXC exchanges amongst others, although Korean outfit Bithumb was its top source of trading volume.
In response to the delisting news, Wemix has said its expansion strategy remains the same, “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 also adds 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% during 2025. It hit its all-time-high of almost $25 in November 2021. Since its 60% plunge, the token has stabilised some, with a current price of $0.39.
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