JASMY to Lose 2 Upbit Trading Pairs Over Unresolved Concerns

JASMY News

Upbit will end trading support for JasmyCoin (JASMY) on September 14, removing the token's Bitcoin and USDT pairs as part of a broader review that also affects Storj and ThunderCore. The exchange's official notice says trading will stop and open orders will be canceled, while withdrawals remain available until October 14. Across the three projects, six pairs are affected, including JASMY/BTC and JASMY/USDT. The decision is not framed as a routine pair cleanup. Upbit previously placed the affected assets under investment-caution monitoring and gave projects time to address identified deficiencies. For JasmyCoin, the notice highlights unresolved questions around the adequacy of important disclosures, the practical utility of the project, its long-term sustainability, and the degree of demonstrated progress. That language matters because it shifts the focus from short-term price performance to the quality of information available to users. The notice does not cite a single price threshold; instead, it treats investor protection and information quality as listing criteria. In Upbit's monitoring framework, project condition, technology development, technical support, and trading levels can all trigger deeper review. When deficiencies remain unresolved, the platform can move from warning to delisting. The affected altcoin will still be tradable elsewhere, but losing access on South Korea's largest exchange removes an important liquidity venue and raises the compliance bar for future listings.

The immediate market response showed how quickly a delisting notice can reprice risk. Within minutes of the announcement, JASMY fell 5.25%, ThunderCore dropped 6.62%, and Storj declined 1.98% after a partial recovery. Upbit's notice was published Friday afternoon in Seoul and followed earlier investment-caution designations: Storj was flagged on July 28, while JASMY and ThunderCore were added on July 31. After further review, the exchange concluded that the concerns behind those designations had not been resolved. The official announcement also states that unresolved deficiencies may create losses for users. For traders, the mechanics are as important as the rationale. Trading support ends for six pairs, including JASMY/BTC and JASMY/USDT, and every open buy or sell order will be automatically canceled at the cutoff. Upbit will continue supporting withdrawals for 30 days, through October 14, 2026, but it will no longer provide services such as an airdrop, wallet upgrades, or hard forks for the affected assets. This creates a narrow operational window: users must assess balances, transfer routes, and tax records before liquidity thins. For JASMY holders, the practical priority is confirming withdrawal paths before the October 14 deadline. The delisting follows Upbit's separate decision to remove BONK effective September 7, underscoring that its review cycle is active across multiple assets.

Even within the same delisting action, the three tokens do not carry the same market footprint. JASMY remains the largest of the group by market value, holding a market capitalization of about $195 million and a global rank near 162. Over the past month, the token has declined roughly 3.6%, a smaller drawdown than the severe deterioration seen in some peer cases. ThunderCore's valuation has fallen to around $1.9 million after a 57% slide over 24 hours and nearly an 80% loss across 30 days. Storj sits near $19 million in market value and has dropped about 40% over the same monthly window, while also navigating a Chapter 11 bankruptcy filing by Storj Labs. Those contrasts matter because exchange reviews are not based only on size. A larger market cap can preserve visibility and liquidity on other venues, but it does not automatically satisfy a platform's disclosure and sustainability standards. The comparison also highlights that Upbit's action targets access to its Korean user base, not global token validity. In a bear market phase for these assets, the removal of Upbit exposure may reduce trading depth and increase sensitivity to subsequent headlines, even for a token far from its all-time high.

COINOTAG's reading is that Upbit is moving from passive trading venue to active listing-risk gatekeeper. The common thread across the three notices is not the September 14 cutoff alone, but the exchange's stated conclusion that earlier caution flags remained unresolved. Its official notice explicitly links the action to unresolved disclosure, functionality, sustainability, and progress concerns, and warns that such issues may create losses for users. For JASMY, the practical impact is a reduction in Korean access and a higher evidence standard for future relisting. The market signal is broader: mid-cap status does not replace verifiable delivery, and exchange distribution now depends on continuous operational accountability.