After the collapse wiped out more than 60% of its value in one day. $BMXBitMart exchange’s ecosystem token, has recovered slightly.
However, traders on crypto channels in China and Vietnam say they are experiencing delays in withdrawals from exchanges.
How far did you go? $BMX It crashed, and how much has it recovered?
$BMX According to CoinMarketCap, the price is currently trading around $0.163, which is an increase of more than 44% in the first 24 hours after trading. Prices as low as $0.107.
This recovery follows a sharp decline on July 24th, which was noted by various observers, including X user Lu Ge with the account @lugeweb3 (撸哥控顿币圈). 63% loss per day And he told his followers who have money on the platform to be careful.
According to Cryptopolitan’s calculations, the token fell by more than 65% within hours.
Lu Ge cited two possibilities for the crash, saying the platform may have been hacked or someone connected to the platform may have dumped supplies.
Although he has partially recovered, $BMX It is still nearly 74% below its June 2024 record of $0.6203, with a market capitalization of $52.8 million at the time of publication, according to CoinMarketCap data.
What are users reporting about withdrawals on BitMart?
The price story is now intertwined with a second thread: withdrawal from exchanges.
X User The KOL Crypto Brave (@cryptobraveHQ) I wrote Then on the platform on July 25th $BMX In a cratered state, community members began reporting that withdrawal reviews were taking much longer than usual. $USDT The withdrawal requested in the morning had not yet arrived.
other Report confirmed Some suspect that this is not a confirmed outage, but rather a suspected anomaly in the platform’s exit process.
X account, @BTCs_, said 5 $USDT withdrawalIt took over three hours to clear and he said he had never seen it before. Another user @solotop999 posted that an unused Bitmart account he tried to empty returned an on-chain withdrawal freeze message.
Lu Ge follow upasked users to test and report their withdrawals and noted that they were being flooded with nearly identical promotional posts from marketing accounts, which they took as a bad sign rather than a reassurance.
What does BitMart say about development?
BitMart has not made any public statements regarding the token crash or withdrawal issues that some users claim to be experiencing.
For now, Bitmart still shows meaningful scale. CoinMarketCap lists the exchange’s 24-hour spot volume at approximately $1.29 billion, with reserves reported at nearly $158 million. The company announced on July 17th, 2026 First Half Report It describes growth in wealth management of approximately 256% and expansion into payments, prediction markets and US operations.
The report predates this week’s events and does not mention complaints of token drops or withdrawals.
