๐ข๐จMust read #BreakingNews before its too late for you to know:
๐๐ผ๐๐ป๐๐ผ๐๐ป๐๐ผ๐๐ป
Binance to Delist Major Cryptocurrencies: Potential Price Impact on Shiba Inu, Chainlink, and Others๐ณ๐
โ๏ธโ๐ฅDelisting Details:
Effective Date: June 28 at 03:00 UTC
Pairs Being Delisted:
LINK/TUSD
BLUR/FDUSD
๐คReason for Delisting:
Binance cited poor liquidity and trading volume as primary reasons for delisting these pairs. The exchange aims to protect users and maintain a high-quality trading market.
Price Impact Analysis:
๐๐ป$SHIB
Current Price: $0.00001681
Recent Movement: 3% increase, followed by a decrease in trading volume by 8%
Potential Impact: Likely to see further price decline due to reduced trading support.
๐๐ป$LINK
Current Price: $13.7
Recent Movement: 1% increase with a significant 47% drop in trading volume
Potential Impact: Expected to face downward pressure.
๐๐ป$MEME
Current Price: $0.01912
Recent Movement: 1.43% increase, but declining trading volume
Potential Impact: Potential price drop as liquidity decreases.
๐Market Context:
Binanceโs Market Share: Holding 48.6% of the global crypto market, Binanceโs actions have significant market influence.
Additional Pressures: Upcoming PCE inflation data and monthly options expiry on Friday could further exacerbate price volatility.
๐ค๐ผPlease follow for more updates and information. Thank you.
