Binance has announced the imminent delisting of five major cryptocurrencies, and investors must act before September 18, 2024 to protect their assets. Below is a list of the affected tokens and their current performance:

Affected Cryptocurrencies:

1. ForTube (FOR): Priced at 0.00997 USDT, facing a sharp decline of 42.51%.

2. Ellipsis (EPX): Trading at 0.0000799 USDT, down by 34.60%.

3. Voyager Token (VGX): Currently at 0.0399 USDT, dropping 33.64%.

4. PowerPool (CVP): Priced at 0.2300 USDT, down 39.23%.

5. Reef (REEF): Trading at 0.000917 USDT, declining by 21.08%.

Immediate Steps to Safeguard Your Investments:

1. Withdraw or Convert: Consider withdrawing your holdings or converting them into stablecoins or other available assets on Binance.

2. Move to Private Wallets: Transfer your tokens to secure, private wallets that support these cryptocurrencies.

3. Stay Informed: Keep a close eye on Binance for any further updates regarding these tokens.

4. Check Other Exchanges: Explore alternative platforms that may continue to support these assets for trading.

Why the Delisting? Binance regularly reviews its listed tokens based on factors such as user engagement, project progress, and trading volume. These five cryptocurrencies have fallen below Binance’s standards, prompting their removal from the platform.

Caution: REEF Price Volatility In response to the delisting announcement, REEF saw a massive 1500% price spike, followed by a sharp 70% drop. While this may attract traders, exercise caution, as the token poses a high risk of price manipulation.

Act Now to protect your assets and make informed decisions as Binance prepares to delist these cryptocurrencies. Stay updated, respond promptly, and manage your investments wisely to navigate this market shift.

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