[Featured Stock] WEMIX Delisting Decision 'Shock'... Wemade Down 20% ↓

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] On the morning of the 8th, Wemade's stock price plummeted by more than 20%. This is interpreted as an impact of the confirmed termination of trading support for the cryptocurrency WEMIX on major exchanges.

As of 9:13 AM that day, Wemade was trading at 30,150 KRW on the KOSDAQ market, down 20.03% from the previous trading day.

At the same time, Wemade Play and Wemade Max also showed consecutive declines. Wemade Play was trading at 12,250 KRW, down 12.50%, and Wemade Max was trading at 9,270 KRW, down 22.10%.

The Seoul Central District Court Civil Division 50 dismissed the provisional injunction application filed by Wemade against the four cryptocurrency exchanges under the joint council DAXA (DAXA) ? Upbit, Bithumb, Coinone, and Korbit ? to suspend the delisting decision of WEMIX at around 8 PM the previous day.

Accordingly, trading support for WEMIX will end on major exchanges at 3 PM on the 8th. Wemade stated that it plans to respond through the main lawsuit and by filing a complaint with the Fair Trade Commission.