The JPEX platform currency JPC on the JPEX exchange plummeted by more than 30%. Internet celebrity Holy Stone: JPEX can’t find the JPC coin?

A few days ago, the overseas exchange JPEX sponsored the "Fighting Final Fight" fighting bonus and it was revealed that the prize money was improper. Sponsored media and the highly relevant exchange CoinW jumped out to help smooth things over. JPEX has just come forward to explain. A few days later, the JPEX platform currency JPC suddenly plummeted by more than 100%. The community was wondering what happened? Internet celebrity Holy Calculus even found out that he couldn’t find JPC coins in JPEX? What is the relationship between JPEX and CoinW?
JPEX platform currency JPC plummeted by more than 30%
According to data on the JPEX exchange, the JPEX platform currency JPC began to fall continuously since 2 a.m. on July 13. Between 7:30 and 8:30 a.m., there was a sharp drop, and there were three precise pin prices. During the same time period, the cryptocurrency market did not fluctuate wildly. The exchange also made no major announcements that day.
 JPEX platform currency JPC plummeted. Internet celebrity Sheng Shishi asked: JPEX can’t find the JPC coin?
Internet celebrity Sheng Jie Shi also paid attention to the situation of JPC and curiously asked: "Why can't I find JPC coins on JPEX?" However, netizens later reminded that you need to go through KYC to see JPC trading pairs, and he was also puzzled by this matter.
Why can’t I find JPC coins on JPEX? pic.twitter.com/VgDSVCLx0M
— Saintjey Saint (@Saintjey1113) July 13, 2023
Not included in CoinMarketCap, trading volume only in CoinW?
The mainstream data website CoinMarketCap only includes the trading volume from other exchanges CoinW for the exchange JPEX platform currency JPC.
CoinW once held a large amount of JPC, which was higher than its own platform currency
According to CoinMarketCap's online records, CoinW's asset reserves have owned a large amount of JPEX platform currency JPC at least in March this year, which is better than its Bitcoin stock. To date, CoinW still holds up to 28% of JPC’s asset reserves, which is even more than CoinW’s own platform currency CWT. Are the users of the two platforms highly overlapping? Or what kind of relationship it is, there is no public statement yet.
 CoinW Asset Reserve in March this year CoinW’s asset reserve this year 7/13 What is the relationship between CoinW and JPEX?
According to community rumors, Zhong Peisheng, the prize winner of "The Final Fight" hosted by JPEX, is a shareholder of JPEX.
If this statement is true, it will make the relationship between the two platforms more intriguing: JPEX issued bonuses to JPEX shareholders. After "The Last Fight" was questioned, JPEX sponsored media issued a statement on behalf of CoinW, proactively stating that it will pay close attention to JPEX question.
The main trading pair of CoinW exchange is not JPC, but JPC is the second largest asset in CoinW’s asset reserve after USDT, which looks very special.
 JPEX sponsored media issued a statement on behalf of CoinW. Financial Supervisory Commission: Failure to register an overseas exchange will result in a fine of up to NT$10 million
According to ETtoday, the Financial Supervisory Commission issued a press release today to warn Chinese people to pay attention to illegal overseas virtual asset platforms. Zhang Zimin, deputy director of the Securities and Futures Bureau, said that investors have always come to report and report, and overseas virtual asset trading platforms have the largest number of cases, mainly because they have not signed a compliance statement in accordance with regulations. Zhang Zimin said that he must not engage in any transactions without signing a compliance statement, otherwise he may be fined NT$500,000 to NT$10 million in accordance with the law.
This article: The JPEX platform currency JPC on the JPEX exchange plunged by more than 30%. Internet celebrity Holy Stone: JPEX can’t find the JPC coin? First appeared in Chain News ABMedia.