Bonk meme coin hits 3-year low after Upbit announces September delisting

South Korea's Upbit exchange will delist the Bonk (BONK) meme coin on September 7, ending its KRW and USDT trading pairs. This decision follows a security incident and failure by BONK's operators to disclose key information, leading Upbit to conclude the coin no longer meets its listing standards. Bonk's price dropped to its lowest since November 2023, falling 30.5% in the past month and underperforming other meme coins like Dogecoin and Shiba Inu. Holders can withdraw BONK until October 7, but deposits after delisting won't be credited, and Upbit will no longer support token upgrades or airdrops.