BitMEX announced its closure, causing the BMEX token to plummet by 92%, with a market capitalization of only $480,000.

BlockBeats News, July 23rd, according to HTX market data, following today's announcement that BitMEX will officially close on September 23rd, its native token BMEX plummeted by 92%, now trading at $0.005, with a market capitalization of only $480,000.

It is worth noting that the official handling of the BMEX token is currently very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in today's BitMEX official shutdown announcement is that the platform has immediately unstaked all staked BMEX and returned them directly to the holders' accounts.

According to a previous BitMEX announcement, BMEX is a purely platform utility token and is not an equity, debt, or asset with a promised return. The official disclaimer states: BMEX is only used for enjoying fee discounts, staking rewards, and other functions on the BitMEX platform, does not constitute an investment, and does not bear any refund or exchange responsibility.