$WEMIX dips over 21% after suffering Massive Delisting in South Korea

$WEMIX, utility & governance token of South Korea's leading Web3 Gaming company Wemade, is down more than 21% in the past 24hours, & now trades around $0.3902, with inflow of $5.02M, & trading volume of $17.45M, according to the Gate.io chart.

The drastic price loss for the token follows the discouraging report that $WEMIX will be delisted from domestic exchanges. The Digital Asset Exchange Association (DAXA) has recently announced that a consortium of five domestic virtual asset exchanges has made the decision to terminate support for $WEMIX designated as a caution item after more than 8 million WEMIX coins were abnormally withdrawn in February due to a malicious external attack on the Play Bridge Vault. Trading support has already stopped for the asset, while withdrawals will cease by early July.