{
  "type": "article",
  "title": "Upbit Removes JasmyCoin and Other Digital Tokens as Heavy Selling Pressure Mounts",
  "summary": "South Korea's major exchange Upbit has decided to delist JasmyCoin alongside multiple altcoins over disclosure and structural shortcomings, elevating downside risks across technical levels.",
  "content": "A fresh wave of risk aversion swept through parts of the altcoin market on Monday following an announcement by Upbit, one of South Korea's premier digital asset exchanges, to terminate trading support for several listed tokens. The affected assets include JasmyCoin (JASMY), Storj (STORJ), and ThunderCore (TT). Citing operational deficiencies, disclosure gaps, and the imperative to protect market participants, the platform moved to strip support, triggering renewed scrutiny over the technical stability of these cryptocurrencies. JasmyCoin, in particular, remains trapped under significant overhead hurdles, having struggled to mount a durable price recovery.\n\nScope of Trading Termination and Service Deadlines\nThe operational phase-out enacted by Upbit encompasses the termination of multiple high-volume trading pairs across both local fiat and major digital asset denominations. Market participants on the platform will no longer be permitted to execute purchase or sell orders for pairs including STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW, and TT/BTC. With the immediate cessation of trading access, exchange mechanisms are set to automatically cancel all existing open orders, forcing market participants to adjust their exposure swiftly.\n\nBeyond trading mechanisms, the exchange has placed extensive constraints on secondary blockchain-related utilities. Administrative statements from Upbit confirmed that auxiliary services, including token airdrops, proprietary wallet updates, and network hard forks, will not be maintained for any of the digital assets slated for delisting. To ensure an orderly transition, registered users have been granted a withdrawal window open through October 14, after which custody and asset movement on the platform will be formally concluded.\n\nDeficiencies in Disclosures, Project Viability, and Governance\nIn detailing its delisting rationale, Upbit pointed to structural shortcomings that presented potential exposure and risks to end-users. With respect to JasmyCoin and Storj, internal evaluations uncovered critical gaps in reporting transparency, core business fundamentals, operational sustainability, and verified technical progress. The lack of demonstrable milestones and consistent disclosures raised significant red flags during periodic listing reviews.\n\nThunderCore encountered an even broader catalog of compliance and procedural difficulties. The review flagged deep-seated issues regarding total token issuance, circulating supply trajectories, recurring amendments to corporate roadmaps, and an overarching shortfall in procedural integrity. In digital asset market operations, unresolved discrepancies in supply schedules and circulating float frequently undermine fair market pricing, leading centralized trading venues to sever ties to safeguard retail participants.\n\nJasmyCoin Technical Analysis and Critical Thresholds\nAt the time of review on Monday, JASMY changed hands around $0.0039, confirming an ongoing bearish bias as price action remained pinned beneath key exponential moving averages (EMAs). The asset has been locked in a narrow consolidation band bounded by immediate support at $0.0035 and resistance near $0.0040. Since reaching local peaks of $0.0078 in May, the structural integrity of the token has steadily degraded, leaving sellers firmly in control during interim relief rallies.\n\nTechnical indicators further mirror this subdued momentum profile. The Relative Strength Index (RSI) continues to hover in the vicinity of 40, signaling an absence of aggressive accumulation, while the Moving Average Convergence Divergence (MACD) metric has drifted slightly into negative territory. Looking higher, the initial hurdle resides at the 50-day EMA near $0.0043, followed by the 100-day EMA at $0.0045. Reclaiming these moving averages remains a prerequisite for easing the broader downtrend. Higher up, the previous trendline resistance pivot at $0.0049 and the 200-day EMA around $0.0053 present a formidable supply pocket. Without defined structural footing below the current trading band on the daily chart, further price slippage remains an imminent possibility until daily closes print above intermediate moving averages.\n\nExchange Liquidity Dynamics and Blockchain Vulnerabilities\nMarket participation across digital assets is heavily steered by listing events and platform accessibility. Broad exchange listings typically enhance secondary liquidity and onboard fresh user demographics, which historically serves as a supportive catalyst for asset valuation. Conversely, delisting actions abruptly choke off liquidity channels, leaving remaining holders facing widened spreads and rapid capital contraction as liquidity pools evaporate.\n\nSecurity compromises also pose severe systemic threats across decentralized ecosystems. When exploits hit decentralized finance (DeFi) cross-chain bridges or centralized hot wallets, malicious actors siphon large token reserves through protocol bugs. The standard progression involves routing stolen capital off-platform to liquidate it for stablecoins or major layer-one assets, an outcome that routinely sparks widespread panic and deep localized market drawdowns. In contrast, scheduled network supply events like halvings systematically reduce block emissions, creating an economic dynamic where static or climbing demand encounters reduced issuance.\n\nMacroeconomic Forces and Broader Cryptocurrency Market Movements\nMacroeconomic policy decisions, specifically benchmark rate trajectory updates from the US Federal Reserve, maintain a direct transmission channel into the cryptocurrency sector via their influence on the US Dollar Index. Elevated interest rate paths strengthen fiat cash yields, exerting downward pressure on speculative assets including Bitcoin and altcoins. Conversely, softer dollar valuations compress borrowing and trading costs, unlocking liquidity that frequently rotates into higher-risk digital assets. In the current session, elevated expectations regarding rate trajectories and global geopolitical uncertainties have supported dollar strength, keeping a lid on speculative exuberance.\n\nAcross the wider market landscape, Bitcoin traded above $78,200 on Monday after shaking off a prior-week drawdown that exceeded 4%, while also touching intraday levels near $77,884. Ethereum and Ripple tracked this stabilising tone, protecting their key technical supports at $2,521 and $1.38, respectively. Elsewhere, Pi Network (PI) extended its recovery above $0.097 following two successive weeks of positive returns, buoyed by developer tool upgrades and ecosystem deployment. Cardano hovered near $0.200 around its 50-day and 100-day EMAs after shedding more than 8% in the preceding week, remaining susceptible to overhead selling interest during rebound attempts.\n\nWhat this means for you\nUpbit's delisting decision immediately constricts trading options and liquidity for token holders across major pairs.\n\n• For Affected Holders: Users holding the delisted tokens have until October 14 to withdraw their assets to external wallets. Failing to withdraw assets prior to this deadline could complicate fund transfers or access.\n• Trading Access: The immediate termination of six trading pairs halts all buying and selling for these assets on the platform. Investors must transition their trading operations to alternative exchanges supporting these markets.\n• Technical Service Halts: Ancillary support including airdrops, software upgrades, and network hard forks will no longer be provided. This prevents token holders on the venue from participating in future network adjustments.\n• Price Vulnerability: JASMY remains at risk of further downside if the immediate $0.0035 support floor fails to hold. Any sustained technical recovery requires reclaiming overhead levels at $0.0043 and $0.0045.\n\nWhy this happened\nUpbit initiated the delisting following periodic listing assessments that uncovered critical operational and transparency deficiencies across several listed projects. The exchange acted to mitigate risk exposure for retail traders after identifying non-compliance with operational standards.\n\n• Disclosure and Viability Shortfalls: Evaluations of JasmyCoin and Storj revealed significant shortcomings regarding periodic disclosures, business fundamentals, and tangible development progress. The inability to demonstrate sustainable milestone delivery prompted termination of trading.\n• Circulation and Procedural Irregularities: ThunderCore faced distinct operational challenges concerning total token issuance, circulating supply projections, and undocumented alterations to its business plan. A failure to maintain transparency and procedural integrity led directly to its removal.\n• Persistent Downward Momentum: JasmyCoin suffered ongoing deterioration in its market structure following its May high of $0.0078. The lack of operational progress amidst persistent price erosion reinforced the platform's decision to discontinue market support.\n\nQuestions & Answers\n\n1. Which cryptocurrency tokens have been delisted by Upbit?\nSouth Korean exchange Upbit announced the delisting of JasmyCoin (JASMY), Storj (STORJ), and ThunderCore (TT).\n\n2. Which trading pairs are affected by the delisting on Upbit?\nThe terminated pairs include STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW, and TT/BTC.\n\n3. What is the deadline for withdrawing affected tokens from Upbit?\nPlatform users are permitted to withdraw the delisted digital assets until October 14.\n\n4. What primary reasons did Upbit provide for ending trading support?\nThe exchange cited operational deficiencies, lack of transparency, disclosure gaps, circulation concerns, and the risk of user harm.\n\n5. What are the immediate support and resistance levels for JasmyCoin?\nJASMY currently holds immediate support around $0.0035, while facing overhead resistance at $0.0040, $0.0043, and $0.0045.",
  "url": "https://trendkia.com/en/crypto/upbit-se-jasmycoin-sahita-kai-tokana-bahara-bikavali-ke-bhari-dabava-men-ulajha-dijitala-eseta-bajara-33425",
  "category": "Crypto",
  "publishedAt": "2026-09-19",
  "tags": [
    "JasmyCoin",
    "Upbit",
    "Crypto Delisting",
    "Storj",
    "ThunderCore",
    "Altcoin Analysis",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}