Binance May Delist These 5 Altcoins Soon: Everything You Need to Know

Binance, the world’s largest cryptocurrency exchange, has flagged five altcoins for possible delisting: Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE). At the same time, Binance added them to its monitoring tag list, which means increased scrutiny due to increased volatility and risk.

Altcoins Collapse Due to Delisting Risk

The monitoring tag is Binance’s way of picking tokens that may not meet listing standards. The review criteria are comprehensive and cover factors such as the team’s commitment to the project, the quality and level of development activities, trading volume and liquidity, and also check network stability, security, and responsiveness to Binance’s due diligence requests.

Binance warned: “Tokens with the monitoring tag may no longer meet the listing standards and be delisted.” The warning caused the prices of these altcoins to plummet. VITE was the worst affected, falling nearly 25%; PROS and CLV fell 15.74% and 15.22% respectively.

However, KEY and BLZ have shown some resilience. KEY initially fell 9%, but later recovered and is now down 7.35%; BLZ also had a rapid drop of 12%, but basically stabilized and is now down only 4.54%.

In addition, Binance made the opposite decision and removed the seed tag from two altcoins, Pendle (PENDLE) and Sei (SEI). This shows that these tokens have stabilized and the risks have been reduced, as the seed tag usually represents new projects that are more unstable and high-risk.