On April 23, 2025, 1,500,000 WEMIX coins were transferred to support a temporary node replacement, as confirmed by official WEMIX communication channels.
This action, labeled as protocol maintenance, maintains overall circulation levels and has not prompted significant market or community reactions.
WEMIX Foundation Transfers 1.5 Million Coins for Maintenance
The WEMIX Foundation coordinated a transfer of 1.5 million WEMIX Coins as part of their periodic node replacement activities. This aligns with the stated procedure for maintaining network stability.
Involved parties include the WEMIX Foundation’s governance teams. The transfer involved moving tokens temporarily for node staking purposes. Such transfers are routine and previously disclosed for similar maintenance operations.
No Permanent Effect on WEMIX Circulation Reported
The transfer has no permanent effect on WEMIX circulation, as stated by the team. Coins are returned after the staking process, leaving no lasting footprint on the market.
The transfer is procedural, thus attracting minimal regulatory scrutiny or market disturbance. Surveillance of on-chain data indicates temporary changes consistent with historical trends for node operations. According to the WEMIX Foundation, “There is no change in total circulation due to the process of WEMIX returning back to the reserve wallet (uncirculated). There may be a temporary change due to the staking and unstaking of 1.5m WEMIX for the purpose of NCP node staking. Thank you.“
Routine Transfers Mirror February 2025 Operations
Past transfers of identical amounts occurred on February 21, 2025, demonstrating a standardized operation for the network’s technical requirements.
Experts from Kanalcoin state that the temporary impact on the on-chain supply is expected. These operations usually do not prompt changes in market sentiment or pricing.
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