Binance Delisting News Triggers Tokens Price Drop Over 30-40%!
In a recent development, Binance announced that it will remove the tokens GFT, IRIS, KEY OAX, and REN from its platform on December 10, 2024, citing non-compliance with industry standards. The news triggered a massive sell-off, with the coin down more than 30%-50% shortly after the news broke. Notably, trading volumes for most coins have declined over the past few months, with REN’s trading volume falling from $34 million in March to nearly $6 million in early November, while OAX’s trading volume dropped from $34 million in March to nearly $6 million in early November. A peak of $101 million fell to $468,000 in 2019. October, indicating poor liquidity and lack of adoption.
