WEMIX (WEMIX) is a blockchain-based gaming platform developed by Wemade Tree, a subsidiary of South Korea–based game company WEMADE. The platform aims to provide players with true digital ownership by enabling secure storage and trading of in-game assets. The native token, WEMIX, is used across various functions such as in-game transactions and NFT trading, playing a key role in driving the growth of the ecosystem.
At the time of writing, WEMIX has dropped by 46.39% in the last 24 hours, ranking among the day’s biggest losers.
Major South Korean crypto exchanges have announced plans to delist the WEMIX token again. The delisting decision comes in the wake of a $6.2 million hack in February and ongoing concerns over unresolved security vulnerabilities. According to DAXA, WEMIX trading will be halted on June 2, and withdrawals will be supported until July 2. The token’s sharp price decline may have been triggered by the delisting announcement.
