South Korean crypto exchange Upbit will delist the meme coin BONK from its BONK/KRW and BONK/USDT markets on September 7 due to unresolved security concerns and inadequate disclosure by the project. Trading will end at 15:00 KST on that day, but users can withdraw BONK tokens until October 7, providing a 30-day window to transfer holdings elsewhere. BONK's price has dropped sharply, falling over 30% in the past month and trading about 95% below its November 2024 peak. The delisting removes BONK from one of South Korea's largest retail markets, potentially reducing local liquidity and signaling caution to investors.
BONK, a memecoin, has dropped about 10% in 24 hours, reaching new all-time lows on major exchanges like Binance and OKX. The token is down 66% year-to-date and 39% in the last month, with increasing short positions and a negative funding rate indicat...
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...
