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Binance announces delisting, $GFT price plummets
Binance, the world's largest cryptocurrency exchange, recently announced that it will delist eight altcoin spot trading pairs including Gifto ($GFT) on December 10, 2024. As soon as the news came out, it immediately caused shock in the market. The price of the $GFT token quickly fell after the news was announced, down around 25%. For tokens that are delisted from major exchanges, liquidity and accessibility decrease, and investor confidence is also dampened, leading to a wave of selling.
Source: Binance Exchange The price of the $GFT token fell rapidly after the news was announced
Binance, the world's largest cryptocurrency exchange, recently announced that it will delist eight altcoin spot trading pairs including Gifto ($GFT) on December 10, 2024. As soon as the news came out, it immediately caused shock in the market. The price of the $GFT token quickly fell after the news was announced, down around 25%. For tokens that are delisted from major exchanges, liquidity and accessibility decrease, and investor confidence is also dampened, leading to a wave of selling.
Source: Binance Exchange The price of the $GFT token fell rapidly after the news was announced
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