Bithumb to Halt Trading of Highstreet (HIGH) from June 30

South Korea’s leading crypto exchange Bithumb has announced it will discontinue trading support for Highstreet (HIGH) starting June 30, 2026. According to the official notice, the move affects all HIGH trading pairs on the platform, with deposit and withdrawal services to be suspended simultaneously.

This decision comes amid declining trading volumes and waning investor interest in the HIGH token, which has struggled to maintain liquidity and active user engagement. The delisting notice does not provide specific reasons, but industry insiders note the token’s lack of significant updates or integration progress over recent quarters could have contributed. Bithumb, known for its rigorous token listing standards, often removes assets that no longer meet minimum trading activity or regulatory criteria.

The news triggered a swift reaction in HIGH’s market price, which dropped more than 12% within hours following the announcement. Traders seizing the exit opportunity dumped their holdings, reflecting the precarious status of the token’s slim demand outside niche sectors. Highstreet’s broader ecosystem, built around blockchain gaming and e-commerce, has seen limited traction relative to its initial hype.

Bithumb’s delisting adds to a growing list of exchanges scaling back support for underperforming tokens as regulatory scrutiny tightens and investor focus narrows to liquid, fundamentally stronger assets. Market participants should watch closely for official updates on withdrawal deadlines to avoid stranded funds. If Highstreet fails to secure relisting or broader exchange support soon, its price and on-chain activity may face sustained pressure.

Traders holding HIGH tokens must act promptly as trading will stop at 23:59 KST on June 30, with final withdrawals closing on July 14. Beyond that date, the token will lose accessible liquidity on Korea’s second-largest exchange – a significant blow to holders reliant on Bithumb’s deep order books.