📢 Binance announced the discontinuation of support for 3 tokens: SRM, SNM and YFII. The reason is insufficient compliance with quality standards. Starting August 22, 03:00 UTC, deposits will be suspended for all trading pairs with these tokens. 💼

Binance Simple Earn, Binance Loans, Binance Pay, Binance Gift Card and Binance Trading Bots services will also discontinue support for these tokens. Withdrawals will be available until November 22. 🚫

Following Binance's announcement, token prices fell sharply: SRM by 22%, SNM by 82%, and YFII by 21%. Trading volumes increased by 584% (YFII), 2499% (SNM) and 455% (SRM), indicating a sell-off among investors. 📉