Wemix Plunges Over 60% After Delisting from South Korean Exchanges

South Korean altcoin Wemix has experienced a significant price drop, plummeting over 60% following its removal from several major cryptocurrency exchanges. The delisting, led by the Digital Asset Exchange Alliance (DAXA), affected platforms like Upbit, Bithumb, Coinone, Korbit and Gopax, resulting in trading and withdrawal services being halted by June 2nd and July 2nd respectively. Wemix’s price fell from $0.7225 to $0.2757 within minutes of the announcement, sparking panic selling among investors.