Upbit and Bithumb, two major South Korean cryptocurrency exchanges, will delist Strike (STRIKE) on August 21st at 15:00 (KST). This decision has raised questions about the future of the STRIKE token and the reasons behind the delisting. Why is STRIKE Being Delisted? According to the exchanges, the Strike foundation's response to the "cautionary investment item" designation failed to address their concerns. Further investigation into the foundation's disclosures, project viability, and long-term sustainability revealed that STRIKE no longer met the exchanges' standards for continued trading support. This suggests potential issues with the project's development, community engagement, or regulatory compliance. Impact on STRIKE Holders The delisting will likely impact STRIKE holders, potentially leading to a decrease in its value. Users are advised to withdraw their STRIKE tokens from Upbit and Bithumb before the delisting date. The future of STRIKE on other exchanges remains uncertain. ```