An injunction request filed by the company to prevent South Korea’s largest exchanges from delisting Wemix (WEMIX) was rejected by the court. The token, which started to decline with the decision, started to rise with the company’s statement.
According to local news agency Yonhap, a court in Seoul, South Korea has rejected a request for “injunctive relief” to overturn the delisting of the Wemade metaverse project’s native token, WEMIX.
In the past weeks, Upbit, Bithumb, Coinone, Corbit and Gopax have created Digital Asset Exchange Association (DAXA), announced that it would delist WEMIX, claiming that it misled investors by giving false information. Then the token’s issuer company took action and was released by DAXA. “exceeds the total supply and to protect the investors on the grounds that he made various other mistakes in the process.
On the other hand, it decreased by more than 80% with a court decision and almost reaching an all-time low (ATL) token, after company announcement more than 160% experienced a rise. The company made in the statementHe talked about buy back and burn programs.
Before the Delist decision $1.76 WEMIX, which is at the levels of 0.52 dollars levels had fallen seriously and could not recover. before the court yesterday 0.7 dollars The token, which is at the levels of, will decrease again with the decision. more than 80% depreciated and historical bottom $0.122 declined. In order to prevent the decline, the Wemix team made a statement on Twitter and announced that they would make a buyback with the new burning program. This announcement worked to some extent, and WEMIX slammed into it. 160% up demonstrated performance.
According to CoinGecko data, WEMIX has been in the last 24-hour period at the time of writing. 67% rise by living from $0.282 is being traded.