It turned out that 4 out of 10 domestically produced virtual assets, so-called "kimchi coins," have been delisted (transaction ended) or designated as items of caution.
According to virtual asset analysis platform Apywa on the 8th, a total of 128 domestically developed virtual assets are or were listed on the five major domestic virtual asset exchanges (Upbit, Bithumb, Coinone, Korbit, GOPAX). Among them, 76 virtual assets are currently supported for transactions. By exchange, Bithumb has the most with 51, followed by ▲GOPAX (36) ▲Coinone (39) ▲Upbit (24) ▲Korbit (13).
Of the 128, 26 virtual assets have been delisted and four are scheduled to end transactions. This is about 23% of all kimchi coins. Among the virtual assets scheduled to end transactions, three are on Bithumb and two on GOPAX. The EVZ (EVZ) token, which is slated to end transactions, is listed on both Bithumb and GOPAX.
A total of 22 virtual assets have been designated as "items of caution." The item-of-caution designation is a measure that assigns high-risk virtual assets—such as those with deteriorating project fundamentals, insufficient liquidity, suspected price rigging, or legal risks—to a pre-delisting stage. If the issues are not resolved after a one- to two-week explanation period, they are delisted. By exchange, GOPAX designated the most, with 16 virtual assets as items of caution. It was followed by Coinone (5), Bithumb (4), and Korbit (1).
The kimchi coin with the largest market capitalization is Kaia (Kaia). According to virtual asset data platform CoinGecko, Kaia's market cap was about 470 billion won as of the morning of the 6th, ranking 132nd in global virtual asset market cap. Kaia is traded on the four major domestic exchanges except Upbit. The virtual asset with the smallest market cap is the FTR (FTR) token, with a market cap of less than 1 billion won.