DAXA Flags $WAVES as Investment Warning Asset, $WAVES Drops 13.24% in the Last 24 Hours

South Korean crypto exchange Upbit announced that the Waves ecosystem algorithmic stablecoin Neutrino USD ($USDN) was de-pegged and its collateral asset $WAVES was flagged as an Investment Warning asset by the Digital Asset eXchange Alliance (DAXA). Upbit has closed trading of $WAVES. Users can withdraw their funds within the next 30 days. 

According to TokenInsight data, $WAVES price dropped 13.24% over the last 24 hours, trading at $2.0301 now. $USDN price dropped 3.11% over the last 24 hours, trading at $0.857506 now.