Upbit ends BONK trading support on September 7
Bonk (BONK)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Upbit is ceasing support for BONK trading on Monday, removing one of the two major South Korean exchanges for the Solana meme coin. The exchange will remove the BONK/KRW and BONK/USDT pairs at 15:00 KST on September 7, 2026, resulting in the cancellation of open orders. While Upbit exits, its rival Bithumb continues to support the token.
Withdrawals for BONK will remain available until October 7. This move impacts Korean traders, as the OECD’s Asia Capital Markets Report 2026 notes that Korea and India saw the highest absolute inflow of crypto-assets in Asia in the 12 months leading to June 2025. Upbit and Bithumb had previously placed BONK under a “trading caution” designation on July 7.
Bithumb’s notification cited a security incident with an unknown or unresolved cause. It also noted uncertainty regarding whether significant information had been disclosed in a timely manner. The end of trading marks a shift in liquidity access for Korean investors holding the asset.
How the market reacted
Whalio's own Binance spot order flow for BONK, measured when this story was written up on 7 September 2026. Not the outlet's figures.
BONK is trading at $0.000003410 with a 24-hour spot volume of $7,505,067 across 35,310 trades. The 24-hour buy ratio sits at 52.5%, indicating that buyers have controlled the majority of volume over the last day. This contrasts with the 1-hour ratio of 49.6% and the 4-hour ratio of 51.1%, suggesting that short-term buying pressure is slightly fading compared to the daily average. The 24-hour volume delta is positive at +$382,333, meaning net buying has exceeded net selling over the full day. In the last hour, however, the volume delta is negative at -$1,464, showing immediate selling pressure has emerged after the daily accumulation. Net buying occurred for 14 of the last 24 hours, confirming a generally bullish flow despite the recent hourly dip.
The latest daily buy ratio of 48.9% sits at the 38th percentile of the last 324 days, against a median of 49.6% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for BONK, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.7%, making today’s 52.5% reading an unusual day with a +3.8 point increase in buyer dominance. Spot volume was 2.03x the weekly average, indicating significantly heightened activity compared to normal trading days. Despite this volume surge, the 8-day volume delta was negative at -$45,819, contrasting with the positive 24-hour delta. The price rose +22.2% over the eight-day period, with net buying occurring on only 2 of the 7 days. This suggests that while recent activity is intense, the broader weekly trend has been mixed with periods of net outflow.