🚨🚨 Binance's Monitoring Tag: What You Need to Know🚨🚨

Binance's Monitoring Tag is a classification system used to identify tokens that exhibit higher volatility and risks compared to other listed tokens . Here are some key points to understand about the Monitoring Tag:

- Tokens with Monitoring Tag: Binance closely monitors these tokens and conducts regular reviews to ensure they meet the listing criteria .

- Volatility and Risk: Tokens with the Monitoring Tag are identified as more volatile and risky compared to others .

- Delisting Risk: These tokens may not meet Binance's listing standards in the future and could potentially be delisted from the platform .

- Regular Reviews: Binance conducts regular reviews to ensure that tokens with the Monitoring Tag continue to meet the listing criteria

- Trading Access: Users need to pass a quiz every 90 days to trade tokens with the Monitoring Tag

- Transparency and Safety: Binance prioritizes transparency and safety within the crypto ecosystem to ensure a secure trading environment for all users .

Recent Updates to the Monitoring Tag List

- Tokens Added: Binance recently added the following tokens to the Monitoring Tag list: Balancer (BAL), Cortex ($CTXC ), PowerPool (CVP), Convex Finance (CVX), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Status (SNT), and Sun (SUN)

- Tokens Removed: Binance removed the Monitoring Tag from Enzyme (MLN) and Horizon ($ZEN ) .

Impact on Token Prices

- Price Drop: The addition of the Monitoring Tag can lead to a price drop, as seen in the case of $CVP and CTXC .

- Price Increase: The removal of the Monitoring Tag can lead to a price increase, as seen in the case of MLN and ZEN

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