BitMart Token BMX Crashes 53% Following Operational Halt Announcement

BMX price drops over 53% to $0.0805 as BitMart announces phased suspension of trading, halting new registrations and deposits starting July 26.

Woofun AI reports that BitMart's native token BMX declined by more than 53% within a 24-hour period, settling at $0.0805 with a market capitalization of $27.2 million. This sharp depreciation follows the exchange's disclosure of a structured operational shutdown.

The platform stated that effective July 26 at 09:30, it will cease new user registrations and block cryptocurrency and fiat deposits. Contract accounts are restricted to position reduction, while spot trading will reject new orders. All trading services, including spot and contracts, will terminate on August 26 at 09:00, with full platform operations ending on January 31, 2027, at 23:59.