The two leading Korean cryptocurrency exchanges, Bithumb and Upbit, have just announced plans to delist the HIFI token, according to information from Mars Finance.
Although the specific timing and details of this delisting have not yet been officially announced, the notification from the two major exchanges has drawn attention from the investor community and users holding HIFI. The delisting of a token typically stems from various reasons such as low trading volume, violation of the exchange's internal regulations, or risk factors related to the token issuance project.
Following this information, the HIFI token price has plummeted by more than 17%.
As Allinstation previously reported, on March 28, Upbit issued an investment risk warning for the HIFI token. Simultaneously, the Digital Asset Exchange Association (DAXA) added HIFI to its watchlist, leading to the suspension of token deposit services on Upbit.
Also Read: Upbit Issues Risk Warning for HIFI Token
