Upbit Issues Caution Notice for ZIL: What Traders Need to Know

South Korean exchange Upbit has placed Zilliqa (ZIL) under a caution-spot delisting notice, signaling potential removal from the platform. This alert adds to a growing list of exchange actions against ZIL, which has already been delisted from BTSE, Crypto.com (ZIL/BTC pair), and Flexpool. Traders should assess the implications carefully.

What Happened?

Upbit’s notice, published on July 22, 2026, categorizes ZIL under “caution-spot,” a preliminary step that often precedes a full delisting. The exchange cited standard review procedures, though specific reasons were not disclosed. At the time of the alert, ZIL was trading at approximately $0.00241586, near its all-time low of $0.002396.

This is not an isolated event. ZIL has faced multiple exchange delistings over the past year:

• BTSE announced ZIL delisting with withdrawals disabled by December 27, 2024.
• Crypto.com removed the ZIL/BTC pair to consolidate liquidity.
• Flexpool shut down its ZIL mining pool in May 2023.

Such repeated actions can reduce liquidity and increase selling pressure, especially on smaller exchanges.

Token Snapshot

Zilliqa (ZIL) is a layer-1 blockchain launched in 2017, focusing on scalability through sharding. It supports smart contracts, DeFi, gaming, and metaverse applications. Key metadata:

• Circulating Supply: ~20.08 billion ZIL
• Market Cap: ~$48.7 million (ranked #424 on CoinGecko)
• All-Time High: $0.2554 (99% below peak)
• All-Time Low: $0.002396 (currently 4.2% above)
• Platform: Ethereum (token address: 0x05f4a42e251f2d52b8ed15e9fedaacfcef1fad27)
• Tags: Mineable, Platform, DeFi, Gaming, Smart Contracts, Ethereum Ecosystem, Binance Ecosystem, Metaverse

Despite its technical innovations, ZIL’s price has struggled amid broader market headwinds and exchange delistings.

Risk Notes

Disclaimer: Delisting notices can lead to reduced trading volume, wider spreads, and potential price declines. Always verify the latest exchange status before trading.

• Liquidity Risk: With Upbit as a primary trading venue, a full delisting could significantly reduce accessible liquidity.
• Price Pressure: ZIL has already dropped 3.6% in a single day amid prior delisting news, extending a 7-day downtrend.
• Exchange Concentration: The token is currently tradable on Upbit, but reliance on a single major exchange heightens vulnerability.

Where to Trade

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