Delisting / caution [Upbit] WAVES: designated as a caution coin

What it means CoinGaja’s explanation from the title and public data, not the notice text

What a caution designation is

A Korean exchange flags a coin when it sees problems with the project’s disclosures, circulating supply, foundation or security, to warn investors. Trading goes on while the flag is on; after a review period set by the exchange, it either lifts the flag or ends trading support (delisting).

What this notice means

Upbit has flagged WAVES. The reasons and the review deadline are in the original notice. Right after a coin is flagged, selling often pushes its price down sharply, and prices can drift apart between Korean exchanges.

If you hold it

Upbit announces the outcome in a later notice. If trading support ends, the coin can no longer be traded on Upbit after a set date and has to be withdrawn to another wallet within a set period.

The notice itself is in Korean. Check the original notice for the exact schedule and conditions.