Shiba Inu

Bonk

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Shiba

<h2 id="span-style-font-weight-400-tldr-span">TLDR:</h2><ul><li style="font-weight: 400">Upbit BONK delisting will end BONK/KRW and BONK/USDT trading on September 7 after unresolved security and disclosure concerns.</li><li style="font-weight: 400">BONK withdrawals will stay available until October 7, giving Upbit users 30 days after trading ends to transfer tokens elsewhere.</li><li style="font-weight: 400">BONK fell 4.8% after the announcement and touched $0.00000255, marking its lowest reported price since November 2023 amid fresh selling.</li><li style="font-weight: 400">BONK has dropped 30.5% over one month and trades about 95.4% below its November 2024 all-time high of $0.00005825 after the latest decline.</li></ul>South Korean exchange Upbit will remove Bonk from its spot markets on September 7 after a month-long review. The Upbit BONK delisting affects the BONK/KRW and BONK/USDT pairs, ending access to a major Korean retail market. Upbit cited unresolved security concerns and inadequate disclosure of material information by the project.&nbsp;BONK reacted quickly, falling 4.8% to about $0.000002667 after the announcement. The token later touched $0.00000255, its lowest reported level since November 2023. <a href="https://blockonomi.com/bonk-price-drops-as-bonkdao-loses-20m-in-treasury-attack/" rel="noopener noreferrer nofollow">BONK </a>has also fallen 30.5% over one month, underperforming several larger meme coins during the same period.<h2 id="b-upbit-bonk-delisting-follows-security-and-disclosure-review-b">Upbit BONK Delisting Follows Security and Disclosure Review</h2>Upbit <a href="https://beincrypto.com/bonk-price-low-upbit-delisting/" rel="noopener noreferrer nofollow">said </a>trading support will stop at 15:00 KST on September 7. The exchange will cancel every open order across the affected markets when trading ends. The decision follows BONK’s cautionary designation on July 7 and a review that lasted about one month.<div class="embed-x"><blockquote class="twitter-tweet">Upbit to Delist BONK on September 7South Korea’s largest crypto exchange, Upbit, will delist Bonk (BONK) on September 7, affecting the BONK/KRW and BONK/USDT pairs. Upbit cited unresolved security incidents and insufficient disclosure of material information. BONK withdrawals… <a href="https://t.co/Z2YugwzkmC" rel="noopener noreferrer nofollow">pic.twitter.com/Z2YugwzkmC</a>— Wu Blockchain (@WuBlockchain) <a href="https://x.com/WuBlockchain/status/2085627233134313605?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2026</a></blockquote></div>The Upbit BONK delisting centers on concerns that the exchange says were not resolved during that review. Upbit cited a security incident whose cause remained unidentified or inadequately addressed. It also pointed to delays in disclosing information that could materially affect traders and token holders.The review followed reports of a $20 million governance attack involving the BONK DAO treasury. Upbit said the issues behind its cautionary designation were not sufficiently corrected. The exchange therefore moved to end trading under its asset review and trading support policies.The move also removes BONK from one of South Korea’s largest retail trading venues. That could reduce local liquidity after September 7, especially for traders who rely on won-denominated markets. However, the decision does not immediately block holders from moving their tokens elsewhere.BONK price weakness had already developed before the final notice. The meme coin has lost 30.5% over the past month. Dogecoin and Shiba Inu recorded smaller single-digit monthly declines over the same period. That performance left BONK among the weaker large meme coins during the recent broader market rebound.<h2 id="b-upbit-bonk-delisting-leaves-holders-until-october-7-to-exit-b">Upbit BONK Delisting Leaves Holders Until October 7 to Exit</h2>BONK withdrawals will remain available through October 7, giving users 30 days after trading support ends. Holders can transfer tokens to another supported exchange or an external wallet before that deadline. <a href="https://parameter.io/hiring-scandal-hits-south-korean-lawmaker-over-bithumb-upbit-clash/" rel="noopener noreferrer nofollow">Upbit </a>warned that deposits made after the delisting will not be credited to user accounts.The Upbit BONK delisting also changes how the<a href="https://coincentral.com/south-korean-regulators-plan-evidence-based-crypto-blocks/" rel="noopener noreferrer nofollow"> crypto exchange</a> will handle future token-related services. Upbit said it will not support airdrops, wallet upgrades, or hard forks for BONK after trading support ends. Users who send tokens incorrectly after the withdrawal window could also face lengthy recovery procedures.BONK price action shows how sharply the token has retreated from its 2024 peak. BONK reached an all-time high near $0.00005825 in November 2024. At about $0.000002667, the token trades roughly 95.4% below that level.<figure id="attachment_199712" style="width: 100%" class="wp-caption alignnone"><img class="wp-image-199712 size-full" src="https://blockonomi.com/wp-content/uploads/2026/08/chart-17.png" alt="" width="2139" height="1248"><figcaption id="caption-attachment-199712" class="wp-caption-text"><a href="https://www.coingecko.com/en/coins/bonk?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dmax" rel="noopener noreferrer nofollow">BONK price</a></figcaption></figure>The Upbit BONK delisting may also shift attention toward other <a href="https://moneycheck.com/south-korea-launches-regulatory-action-against-upbits-parent-company-dunamu-following-32m-breach/" rel="noopener noreferrer nofollow">Korean exchanges</a> that still support the token. Any similar listing reviews could affect domestic access and liquidity. For now, Upbit users have until September 7 to trade BONK and until October 7 to withdraw it.The timing gives holders a defined transition period, but it also separates trading from withdrawals. Selling on Upbit ends first, while transfers remain available for another month. That distinction matters for users who intend to retain BONK rather than convert it before the local market closes.The final weeks before the trading cutoff may bring higher turnover as holders adjust positions. Open orders will disappear when trading support ends. Traders who plan to keep BONK must therefore arrange withdrawals before Upbit closes the remaining transfer window.The post <a href="https://blockonomi.com/upbit-bonk-delisting-pushes-token-near-lowest-level-since-2023/" rel="noopener noreferrer nofollow">Upbit BONK Delisting Pushes Token Near Lowest Level Since 2023</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Upbit BONK Delisting Pushes Token Near Lowest Level Since 2023

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