Binance Delisting News Triggers Tokens Price Drop Over 30-40%!
The post Binance Delisting News Triggers Tokens Price Drop Over 30-40%! appeared first on Coinpedia Fintech News
In a recent development, Binance annuounced removing the tokens GFT, IRIS, KEY OAX and REN from its platform on December 10, 2024 citing a lack of compliance with industry standards. The news triggered a significant sell off as the tokens dropped over 30%-50% shortly after the news. Notably, Most of these tokens had registered lower trading volumes over the past few months,as RENs trading actively dropped from $34 million in March to nearly $6 million in early November, while OAX volume fell from a peak of $101 million in March to $468,000 in October, indicating poor liquidity and lack of adoption.
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Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
