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BitMEX Token BMEX Crashes 92.3% to $0.005 After Exchange Announces September 23 Closure

Price Volatility

2026-07-23 11:29:37

BMEX-88.32%

According to BlockBeats, BMEX, the native token of the BitMEX trading platform, plunged 92.3% to $0.005 today (July 23) following the exchange's announcement to shut down on September 23. The token's market cap has fallen to just $480,000.

BitMEX has already revoked all staked BMEX tokens and returned them directly to holders' accounts. The exchange clarified that BMEX is a utility token only, not equity or a debt instrument, and carries no investment promise, refund obligation, or redemption guarantee. It functions solely for trading fee discounts and staking rewards on the platform.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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