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>>Coinone Drops MILK: The Sudden Delisting of the MilkyWay Token Sends Shockwaves Through South Korea’s Crypto Market

Coinone Drops MILK: The Sudden Delisting of the MilkyWay Token Sends Shockwaves Through South Korea’s Crypto Market

crypthub

about 8 hours ago

Delisting Announcement

Coinone will remove MilkyWay (MILK) on 27 Mar 2025 at 06:00 UTC. Deposits cease on 26 Mar 2025, followed by trading shutdown 24 hours later. Remaining MILK balances are automatically converted to Korean Won at the market rate. Users must withdraw the converted funds through standard banking procedures.

Regulatory Context

South Korean exchanges operate under FSC guidelines that require periodic token reviews based on volume, development activity, and compliance. Delistings therefore often signal broader regulatory expectations rather than isolated exchange choices. Recent data show several tokens removed for low trading volume or failure to meet updated standards.

MilkyWay Token Status

MILK, a DeFi project, experienced declining trading volume, price pressure, and reduced developer engagement throughout 2024. It accounted for less than 0.1 % of Coinone’s total volume and exhibited heightened volatility. These weaknesses likely triggered its removal under the exchange’s compliance framework.

Investor Impact & Industry View

Holders should verify balances, trade before the deadline, or accept automatic KRW conversion and withdraw promptly. Analysts interpret such delistings as signs of market maturation, urging projects to sustain development and community activity. Similar tightening of listing standards is observed on global exchanges, improving asset quality despite short‑term disruptions.