Upbit Delists NKN: Crypto Crash Is Coming? Token Hits 99% Drop!

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Upbit delisting puts fresh pressure on NKN token

Upbit will end trading support for NKN on June 15, removing the NKN/BTC pair from its platform. 

Summary

  • Upbit will end NKN/BTC trading on June 15, giving users until July 16 to withdraw funds.
  • NKN trades near $0.0075 with market capitalization around $6 million, according to CoinGecko today data.
  • The delisting adds pressure on a token already down about 99.5% from its all-time high.

Wu Blockchain reported the notice on May 14, citing Upbit’s official announcement.

NKN users need to withdraw their tokens by July 16th. After this date, withdrawals might not be possible. This gives token holders roughly a month after trading stops to transfer their NKN to a different exchange or their own personal wallet.

NKN trades near $0.0075

According to CoinGecko, NKN was trading at $0.007546 at the time of this report, a 3.4% decrease over the past 24 hours. During that period, the price fluctuated between $0.007238 and $0.007891.

The token’s market value was around $6.04 million, and if all tokens were in circulation, its total value would be approximately the same. Over the past 24 hours, about $175,453 worth of the token was traded, with roughly 800.25 million tokens currently available.

NKN’s current price is significantly lower than its highest point ever recorded. According to CoinGecko, it reached $1.44 in April 2021, but is now down approximately 99.5% from that peak.

While removing NKN from Upbit might limit access for some traders in Korea, NKN is still available on other exchanges. CoinGecko shows it’s currently trading on KuCoin, MEXC, and Gate, among others.

South Korea keeps strict listing standards

This change happens as South Korean cryptocurrency exchanges are becoming more strict about which coins they list. Meanwhile, Flow Foundation and Dapper Labs have taken legal action against Upbit, Bithumb, and Coinone after those exchanges decided to stop supporting the FLOW cryptocurrency following a security issue.

Previously, it was reported that WEMIX was at risk of being removed from several large South Korean cryptocurrency exchanges due to questions about how many tokens were available. This situation highlighted how quickly decisions made by Korean exchanges can impact trading volume and investor confidence.

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2026-05-14 11:00