The market for GFT, IRIS, and THE has recently experienced significant downturns, with steep price declines linked to a delisting announcement from Binance. GFT and IRIS have faced reductions of approximately 37% and 13% respectively, due to the exchange citing non-compliance with industry standards. This decision has amplified bearish trends in these tokens, which already had low trading volumes and liquidity issues. The delisting process is set to conclude by mid-December 2024, leading to further uncertainty for these assets.
For GFT, the negative sentiment has been exacerbated by criticisms from its community about a lack of updates from developers. IRIS and other delisted tokens are also under scrutiny for their limited adoption and reduced activity. While these developments may signal oversold conditions, creating opportunities for speculative recovery, traders are advised to remain cautious due to high volatility and potential extended losses. Adopting strategies like tight stop-loss orders and monitoring support levels is crucial for navigating the current market climate【9】【10】【11】.
