7 Altcoin Developments on Binance: The Price Dropped Sharply When They Were Monitored for Delisting!
Binance, the world's largest cryptocurrency exchange, announced that it has added 5 altcoins to the "Monitoring Tag" category.
Binance announced that it has added 5 new altcoins to the monitoring tag category, which it uses to indicate that they are riskier and exhibit higher volatility than other tokens.
The list published by Binance on October 3 includes cryptocurrencies called Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS) and VITE (VITE).
Binance stated that it will continue to closely monitor the altcoins in question and may delist them if they do not meet the listing criteria. The specified altcoins must pass the tests directed to them every 90 days and accept the conditions. The following statements were made in the statement made by Binance:
Please note that tokens in the Monitoring Tag category are now at risk of not meeting our listing criteria and being removed from the platform.
Binance also announced that Pendle (PENDLE) and Sei (SEI), which were on the Seed Tag list, have been removed from the list.
Altcoins are falling
According to CoinGecko data, the announcement brought about a general sell-off in altcoins. VITE led the way with a 21% decrease, while BLZ saw a decline of nearly 10%, PROS saw an 18% decrease, CLV saw a 17% decrease, and KEY saw an 11% decrease.
Stay tuned for new information.