LIVEBinance Raises Concerns About Potential Delisting of 5 Altcoins
Binance, the leading global cryptocurrency exchange, has disclosed that it has placed five cryptocurrencies under observation.
As per the exchange's announcement, the cryptocurrencies under scrutiny are Ellipsis (EPX), ForTube (FOR), Unfi Protocol DAO (UNFI), Waves (WAVES), and Wrapped NXM (WNXM).
The inclusion of these cryptocurrencies in the watch list indicates that they no longer meet the exchange's listing criteria and could face delisting.
Binance may opt to delist these cryptocurrencies in the near future.
"The tokens tagged for monitoring exhibit notably higher volatility and risk compared to other listed tokens," the statement clarified. These tokens undergo meticulous monitoring and regular assessments. It's important to note that tokens tagged for monitoring are at risk of not meeting our listing criteria and may be delisted from the platform."
Following this decision, EPX witnessed a 13% decline, FOR saw a 17% drop, and WAVES experienced a 15% decrease. There have been no significant fluctuations in the prices of UNFI and WNXM.
Binance has initiated surveillance on five cryptocurrencies and has cautioned that these assets could face delisting.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Please remember: Crafting top-notch investment articles requires considerable effort. Your generous tips will bolster our mission and motivate us to deliver the finest investment guidance possible.
