😱🤯For a while, influencers advertised this Altcoin a lot: Binance removed that Altcoin from the list!
Reef (#REEF ), which Turkish influencers used to frequently distribute money, will be delisted from the Binance exchange on August 19.
Binance attracted attention with its “delist” post a few hours ago. The cryptocurrency exchange, which delisted CVP, EPX, FOR, LOOM, $REEF and VGX on August 19, brought old investors back to the past.
The collection of REEF, which is especially close to the phenomena of the crypto ecosystem in Turkey, caused a stir.
Binance stated the reasons for the delisting of the projects. Binance touched on the following elements: The team's commitment to the project.
Trading volume and liquidity Network security.
Smart contract stability Regulatory requirements.
Periodic status changes and responsiveness to requests.
Unethical behavior.
Project packages that were delisted after August 12 do not seem to be nearly as active.
In terms of trading volume and liquidity, projects on Binance are quite weak compared to other projects. Among the products to be removed from the list, REEF has the most items on the market. REEF, which lost 22 percent in value in the last 24 minutes, fell to 0.000917. Its current market value is $20 million.
The removal of Binance's relevant projects from the list had a downward effect not only on REEF but also on other altcoins. The decreases experienced are between 20-25 percent on average. In addition, ETH being a critical support level may pave the way for larger decreases in the altcoins to be removed from the list.
It will be beneficial to pay attention to production news and ETH prices regarding this process.
