South Korean cryptocurrency exchange Upbit will terminate trading support for NKN on June 15, 2026, ending the NKN/BTC pair at 09:00 KST. The delisting follows a comprehensive review that identified deficiencies in the project’s business model, sustainability, ecosystem development, and technical progress. On-chain token ownership trends, trading volume, liquidity, and the token’s listing status on other major exchanges were also considered.
NKN is a blockchain-based project aiming to build a decentralized network infrastructure, but it has faced declining market activity and falling short of expectations. According to CoinGecko, NKN traded at approximately $0.0075 with a market capitalization of around $6 million and a 24-hour volume of $175,453. The token has lost about 99.5% from its all-time high of $1.44 reached in April 2021.
Users must withdraw their NKN by July 16, 2026; after that date, withdrawals may not be processed. NKN still trades on other centralized exchanges such as KuCoin, MEXC, and Gate, but the removal from Upbit—a major Korean platform—may reduce access and add selling pressure. The delisting echoes South Korea’s increasingly strict listing standards, with recent similar actions affecting FLOW and WEMIX tokens. Analysts warn that delistings from leading exchanges often trigger sharp price fluctuations, and they advise investors to monitor deadlines closely.
