BitMart Withdrawals Slow to $805K in 24 Hours, BMX Token Plunges 81.5 Over Week

According to blockchain analytics account Lookonchain, withdrawals from BitMart slowed following the exchange's wind-down announcement, with only 58 wallets withdrawing approximately $805,000 in 24 hours on Monday. The account reported no withdrawals processed during an eight-hour tracking period. Users continued reporting withdrawal difficulties, with some receiving completion confirmation emails while funds remained frozen on-chain, and others experiencing pending transfers for over 30 minutes.

BitMart token (BMX) declined 81.5% over seven days to trade near $0.057 on Monday, down from around $0.31 before the shutdown announcement, according to CoinGecko.