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Binance Delisting News Triggers Tokens Price Drop Over 30-40%! Coinpedia 26 Nov 2024

Binance Delisting News Triggers Tokens Price Drop Over 30-40%! 📉

Binance

Binance has announced that it will be delisting five tokens - GFT, IRIS, KEY, OAX, and REN - from its platform on December 10, 2024. The primary reason cited for the delisting is a failure to meet industry compliance standards.

The announcement led to a substantial market reaction, with the tokens' prices plummeting between 30% to 50% shortly thereafter. This illustrates the significant influence major exchanges like Binance have on token value and market dynamics.

Most of the delisted tokens had already been underperforming, and the announcement exacerbated their decline. This development highlights the importance for tokens to maintain compliance to remain listed on prominent exchanges.

Source: coinpedia.org ↗

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Binance delisting sends five tokens tumbling 40%  Cointelegraph 26 Nov 2024
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