South Korea’s two largest exchanges have officially delisted MANTRA — and holders there have until December 14.
The facts: On Nov. 13, 2026, Upbit and Bithumb announced they would end support for MANTRA trading on Dec. 14, 2026. Upbit will close the MANTRA/KRW, MANTRA/BTC, and MANTRA/USDT trading pairs at 15:00 KST, cancel open orders, and keep withdrawals open until around Jan. 13, 2027. Bithumb is taking the same steps, with withdrawals available until mid-January 2027. The reason: unresolved security and operational concerns — MANTRA has been under an investment warning since August 2026 under South Korea’s Virtual Asset User Protection Act. At the time of publication, MANTRA was trading at around $0.002674, down 7.6% over 24 hours, with a market capitalization of around $18.16 million (Coin Edition, Nov. 13).
My take: This isn’t just one delisting; it’s a liquidity squeeze in the market that matters most to this token. South Korea’s two largest exchanges moved together after four months of warnings — meaning the issues remain unresolved in the eyes of exchanges and regulators. The token is still trading on other exchanges, but losing access to Korea is a real blow for a project once positioned as the backbone of RWA.
What I’m watching: whether other exchanges follow suit, and whether the MANTRA team finally gives exchanges a satisfactory explanation — or whether this announcement is the final word.
Do you think simultaneous delistings like this are usually the end of a token’s story, or a turning point that pushes its team to get its act together?
This is my analysis, not financial advice — always DYOR.
#MANTRA #Delisting $OM
The facts: On Nov. 13, 2026, Upbit and Bithumb announced they would end support for MANTRA trading on Dec. 14, 2026. Upbit will close the MANTRA/KRW, MANTRA/BTC, and MANTRA/USDT trading pairs at 15:00 KST, cancel open orders, and keep withdrawals open until around Jan. 13, 2027. Bithumb is taking the same steps, with withdrawals available until mid-January 2027. The reason: unresolved security and operational concerns — MANTRA has been under an investment warning since August 2026 under South Korea’s Virtual Asset User Protection Act. At the time of publication, MANTRA was trading at around $0.002674, down 7.6% over 24 hours, with a market capitalization of around $18.16 million (Coin Edition, Nov. 13).
My take: This isn’t just one delisting; it’s a liquidity squeeze in the market that matters most to this token. South Korea’s two largest exchanges moved together after four months of warnings — meaning the issues remain unresolved in the eyes of exchanges and regulators. The token is still trading on other exchanges, but losing access to Korea is a real blow for a project once positioned as the backbone of RWA.
What I’m watching: whether other exchanges follow suit, and whether the MANTRA team finally gives exchanges a satisfactory explanation — or whether this announcement is the final word.
Do you think simultaneous delistings like this are usually the end of a token’s story, or a turning point that pushes its team to get its act together?
This is my analysis, not financial advice — always DYOR.
#MANTRA #Delisting $OM