According to Mars Finance, as reported by The Block, five South Korean cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—have announced plans to delist WEMIX, the blockchain platform token under Wemade, on June 2. Token withdrawals will be terminated on July 2. In response to this news, WEMIX briefly dropped 60% to 0.25 USDT and has since slightly rebounded to 0.38 USDT. The decision regarding specific tokens was made by the Digital Asset Exchange Association (DAXA) of South Korea, which includes these five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to it being designated as a cryptocurrency with investment caution, determining that the asset does not meet the standards for maintaining trading support after a comprehensive review of the issuing entity's credibility and safety.