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[Alpha Biz=(Chicago) Reporter Kim Jisun] The price of Wemix, a virtual currency issued by game maker Wemade, has fallen sharply in the past month.
As of 2 p.m. on the 18th, Wemix is trading at 3,670 won on the virtual asset exchange Coinone. The price fell 36.6% in a month after soaring to 5,790 won on the 12th of last month. The price of Wemix has been in place in the mid-3,000 won range this year.
Wemix is one of the virtual assets that saw a large increase last year. In December 2022, it was delisted by DAXA, an association of domestic virtual asset exchanges, but after the period of restriction on transaction support, the price rose significantly as the rest of the exchanges except Upbit decided to relist one after another.
On top of that, the fact that investor sentiment in the virtual asset market revived on expectations that the U.S. Securities and Exchange Commission (SEC) would approve the launch of the Bitcoin Spot Exchange Traded Fund (ETF) also affected the price increase of Wemix.
Wemix, whose price was less than 1,000 won until September last year, broke through 2,000 won when Gofax decided to list a new company in November last year. In December, Wemix was re-listed on Bithumb, the second-largest virtual asset exchange in Korea after Korbit, exceeding 5,000 won. The price jumped more than five times in three months.
Unfortunately, however, the price of Wemix has been on the decline since the 12th of last month when Bithumb decided to re-list. This is because the volume of sales to realize profits has surged as all the positive factors have been exhausted.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
