Wemix Plummets After Delisting from South Korea’s Exchanges

South Korean Web3 game developer Wemade’s altcoin, Wemix, experienced a significant price drop of over 60% following the delisting decision by major South Korean cryptocurrency exchanges. The price plummeted from $0.7225 to $0.2757 within just 15 minutes, triggering panic selling among investors. Following this second delisting from South Korea’s leading exchanges (including Upbit, Bithumb, Coinone, Korbit, and Gopax), the altcoin’s price has recovered slightly to around $0.36, however it remains approximately 50% lower than its previous day’s value.