âïž Binance has flagged 5 altcoins for possible delisting:
- Bluzelle (BLZ)
- CLV (CLV)
- SelfKey (KEY)
- Prosper (PROS)
- QUICKLY (QUICKLY)
These tokens have been added to the Binance Monitoring Label list, indicating heightened scrutiny and potential risk of delisting.
đWhat does the Monitoring Label mean?
The Monitoring Label is Binanceâs method of flagging tokens that may not meet its strict listing criteria. The review criteria include:
- Team commitment to the project
- Quality and level of development activity
- Trading volume and liquidity
- Network stability and security
- Response to periodic due diligence requests
đConsequences for prices
The delisting alert has triggered a sharp drop in the prices of these altcoins:
- FAST: -25%
- PROS: -15.74%
- CLV: -15.22%
- KEY: -7.35% (after an initial recovery)
- BLZ: ââ-4.54% (after an initial recovery)
đ€Contrasting decisions
In a counter-move, Binance has removed the Seed Tag from Pendle (PENDLE) and Sei (SEI), suggesting that these tokens have stabilized and are less risky.
âđ»Trader Requirements
Binance requires users who interact with tokens under the Monitoring Label or Seed Label to pass specific questionnaires every 90 days to ensure they are aware of the risks involved.
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$BLZ $CLV $VITE #DELISTING #Altcoins2024
