bAn announced the delisting of $OMG, $WAVES, $WNXM and $XEM, for reasons including: team commitment, project quality, transaction volume and liquidity, network/smart contract stability, community maintenance, fraud, regulatory requirements, blockchain contribution and enthusiasm for responding to reviews, etc.
OMG is one of the cryptocurrencies with the highest market value in Thailand. Even if it was once a market darling, it may face a sudden plunge in market value because they may be at risk of being delisted at any time.
XEM, the new currency, aims to create a new digital currency and its ecosystem. Although it performed well in the last bull market, the project gradually stopped major technical updates two years ago, and the recent updates are insignificant. The official community and Twitter operations have been suspended, the market value has shrunk by 40%, and the prospects are worrying.
WAVES, the largest public chain ICO project in Russia, soared in price due to safe-haven demand during the Russia-Ukraine conflict. However, although the project has plans to launch the L2 network, and the community and Twitter are also actively operating, there are only about 10,000 transactions per day, which cannot support its big signboard and faces the risk of being delisted. Similar projects include QTUM, NEO, and XTZ. Investors holding these coins should also be wary. WNXM is a protocol built on Ethereum that provides insurance and risk management services to project members. Although the concept is beautiful, the execution is weak. Similar projects include $STPT and $BADGER, which have not brought actual profits for many years under the name of DeFi. Investors should be careful that these old DeFi projects are gone. The loan positions of the founder of CRV were liquidated, with a total of about 100 million $CRV. The market panic selling behavior increased, and the founder sold the coins many times due to lack of money. Such projects are likely to become the next delisting targets. $NEO, $XTZ, $STPT, $BADGER and $CRV are currently at risk of being delisted. Investors must be careful. The loan positions of the founder of CRV were liquidated, with a total of about 100 million $CRV, worth about 27 million US dollars. CRV fell to a record low, and many large orders were directly buried. Coin holders really have no words to say. It's another day to pay for the founder! Every time the founder of CRV is short of money, he sells the coins. This liquidation also caused a sharp increase of 78% of CRV tokens in the market, and also increased panic selling. The founder has been confused and irresponsible many times. I believe that such a founder and such a weak project will soon be included in the new watch list.$BTC $ETH $BNB