South Korean cryptocurrency exchange Bithumb has announced that it will terminate trading support for Gracie (GRACY), Tottenham Hotspur Fan Token (SPURS), ZTX (ZTX), With (WIKEN), and StepApp (FITFI) on August 18, 2026. The decision came after all five assets had remained on the exchange’s investment warning list for several months.
The process began months ago
Bithumb designated the five tokens as investment warning assets on April 16, 2026, following a decision by the Digital Asset Exchange Alliance, or DAXA. The reason was not related to a technical issue; the tokens’ total market capitalization and trading volume across domestic and international exchanges had fallen below the minimum thresholds set by the exchange.
In its announcement at the time, Bithumb said it would disclose its final decision on either extending the warning period or terminating trading support during the third week of July. The expected process has now concluded, with all five projects facing the same outcome: delisting.
Under Bithumb’s standard procedure, users receive an additional period to withdraw their assets after trading support ends. This window usually remains open for around one month.
Investors need to transfer their balances away from the exchange before the withdrawal deadline. Otherwise, technical support for mainnet upgrades, hard forks, airdrops, token swaps, and similar operations may no longer be available.
Prices had already reflected the risk
Price charts for the five tokens indicate that the investment warning process had been weighing on their valuations for months. FITFI lost more than 75% over the past 30 days and fell another 27.78% over the past 24 hours, trading at $0.0000598.
ZTX dropped 26.29% over the past 24 hours to $0.0001706. The token also recorded a 28.74% decline over the past 30 days.
Project WITH was trading at $0.0012392 after falling 3.98% in the past 24 hours. However, some market data platforms outside Bithumb are currently not displaying an active price feed for the token.
GRACY also suffered a 3.22% decline over the latest one-hour period.
SPURS was the notable exception. Tottenham Hotspur Fan Token gained 2.62% over the past 24 hours and 2.75% over the past seven days despite the delisting announcement.
The token remains down 8.05% over the past 30 days and was trading at $0.1039447. The short-term increase may have resulted from sudden speculative movements commonly seen in low-liquidity markets.
A practical timeline for investors
Based on Bithumb’s previous delisting procedures, withdrawal support is expected to continue for approximately one month after trading ends on August 18. The exchange had previously noted that it could reverse the decision if the warning status of the assets was removed, but that did not happen for any of the five projects.
The most immediate step for investors is clear. Anyone holding one of the five tokens must either sell it before trading support ends or transfer it to another supporting exchange or a personal wallet.
Otherwise, balances may remain technically visible on Bithumb, but the exchange will no longer provide price valuations. Withdrawals could also become subject to additional procedures at a later stage.
Bithumb said it regularly reviews listed assets, maintains communication with project teams, and prioritizes investor protection. However, the growing number of small-cap token delistings by major Korean exchanges such as Bithumb and Upbit suggests that tighter regulatory scrutiny is creating a cleansing effect across the lower end of South Korea’s cryptocurrency market.
