Upbit Delisting Watchlist Targets DENT Amid Extreme Market Fear

VADODARA, February 10, 2026 — South Korean cryptocurrency exchange Upbit has designated the Dent (DENT) token for its delisting watchlist, citing fundamental deficiencies in transparency and business sustainability. This latest crypto news arrives as the broader market grapples with Extreme Fear sentiment, raising questions about selective enforcement and underlying asset quality across exchanges.

Investigation: Upbit's Delisting Watchlist Designation

According to the official announcement from Upbit, the exchange placed DENT on its delisting watchlist following a comprehensive review. Upbit cited multiple shortcomings in DENT's operations. These included inadequate disclosure of important information, opaque change procedures, questionable asset utility, and concerns about business viability. The exchange determined these issues created potential harm to users.

Market structure suggests this move represents a liquidity grab from a low-volume asset. Upbit's review allegedly followed best practices for supporting virtual assets. However, the timing during Extreme Fear conditions raises skepticism about the narrative. The exchange provided no specific timeline for a final delisting decision.

Market Context & Historical Precedent

Historically, exchange delistings during fear cycles accelerate capital rotation toward higher-quality assets. In contrast to the 2021 bull market where delistings were rare, the current environment mirrors 2018's regulatory purges. Underlying this trend is a global push for compliance, as seen in recent infrastructure battles over payment access.

, other major exchanges are adjusting their offerings amid the same sentiment. For instance, Binance recently delisted multiple BTC margin pairs, while also adding new cross-margin pairs. This creates a contradictory of simultaneous contraction and expansion.

Technical Architecture & Price Action

On-chain data indicates DENT's trading volume collapsed 47% in the 24 hours following the announcement. The token now tests critical Fibonacci support at $0.0012 (the 0.382 retracement level from its 2025 high). A breakdown below this level would invalidate the current consolidation structure.

Market analysts note that DENT's Relative Strength Index (RSI) sits at 28, signaling oversold conditions. However, oversold does not guarantee reversal. The 50-day moving average at $0.0018 acts as formidable resistance. Volume profile analysis shows a significant Fair Value Gap (FVG) between $0.0010 and $0.0015, which price may seek to fill.

By The Numbers

Why It Matters

This event matters because it exposes the fragility of altcoins with weak fundamentals during regulatory tightening. Upbit's action could trigger a cascade of similar reviews across other Korean exchanges like Bithumb and Korbit. Institutional liquidity cycles typically avoid assets on watchlists, potentially creating a permanent liquidity scar for DENT.

Retail market structure often fails to price in these risks until delisting becomes imminent. The SEC's ongoing enforcement framework for digital assets creates a global precedent that exchanges like Upbit are following. Consequently, projects lacking clear utility and transparent governance face existential threats.

Expert Commentary

"Upbit's move highlights the maturation of exchange risk management frameworks. However, the selective application during extreme fear periods suggests this may be as much about optics as genuine user protection. Market participants should scrutinize whether other tokens with similar volume profiles escape scrutiny." — CoinMarketBuzz Intelligence Desk

Market Outlook & Price Scenarios

Market structure suggests two primary scenarios for DENT and similar altcoins. The bearish scenario involves a breakdown below key support, triggering stop-loss cascades. The bullish scenario requires a swift resolution of Upbit's concerns and a market-wide sentiment reversal.

• Bullish Invalidation Level: $0.0018. DENT must reclaim and hold above its 50-day moving average to signal any recovery momentum and potentially avoid delisting.
• Bearish Invalidation Level: $0.0010. A weekly close below this psychological and volume profile support would confirm structural breakdown, likely leading to further exchange actions.

The 12-month institutional outlook remains cautious. Regulatory bodies worldwide are increasing scrutiny, as documented in the Federal Reserve's recent payments system reports. Projects must demonstrate real-world utility beyond speculative trading to survive the coming consolidation phase. This aligns with a 5-year horizon where only protocols with sustainable tokenomics and clear use cases thrive.