Gifto's GFT token surged 181% despite bearish market conditions, prompting questions about the role of market makers in such movements.
Binance halts Gifto (GFT) deposits due to a security concern in its smart contract and plans to delist GFT soon.
Binance has suspended deposits for the Gifto (GFT) cryptocurrency and announced an update regarding its delisting on December 3, 2024. Currently, GFT is valued at $0.008049.
ZachXBT disclosed that the Gifto team minted new tokens and sent them to exchanges after Binance delisted the altcoin.
Binance will delist Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX, and Ren (REN) on December 10, 2024. The delisting affects several trading pairs including GFT/USDT, IRIS/USDT, and others. The decision follows a standard review process.
Binance plans to delist $GFT on December 10, 2024, causing a 40% price drop after 1.2 billion tokens were minted and deposited into exchanges.
Gifto's minting of 1.2 billion GFT tokens and subsequent dump have raised concerns about centralized exchange vulnerabilities, leading to Binance delisting the token.
Gifto sparks controversy by minting and dumping $8.6 million in GFT tokens following Binance's delisting announcement, causing significant price drops. The move is criticized as a potential exit strategy, eroding investor trust. Binance's action reflects a trend of removing underperforming tokens, impacting liquidity and market confidence.
Binance plans to delist low-performing cryptocurrencies like Gifto, highlighting its focus on compliance and quality trading. This decision raises market access concerns for affected tokens.
Binance is delisting five major tokens, including Gifto, as part of its asset evaluation process. This move aligns with Binance's strategy to manage its trading offerings effectively.
Binance will delist eight altcoin spot trading pairs on December 10, aiming to enhance market quality. The affected pairs include GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Users are advised to adjust their strategies as prices of these tokens have dropped following the announcement.
Binance will delist altcoins including Gifto, IRISnet, SelfKey, OAX, and Ren on December 10, 2024, due to periodic evaluations of project performance and industry benchmarks.
