Binance Announces Delisting of WRX, AKRO, and BLZ
The cryptocurrency market experienced significant turmoil today, with the market value falling 2.63% to $3.67 trillion. Market turmoil hampered trader activity, and trading volume fell by 1.32% to $203.4 billion. However, the Fear and Greed Index did not change much and continued to remain at 80 points, indicating the extreme greed of market participants.
Binance delists WRX, AKRO and BLZ
In a shocking move, Binance announced the delisting of 3 tokens (WRX, AKRO, and BLZ) from its exchange. This caused an immediate market reaction, with WRX plunging 40% within hours, AKRO down 25%, and BLZ down 24%.
Bitcoin falling again?
Bitcoin price fell 1.98% to $104,923.94, and intraday trading volume fell 2.78% to $77.35 billion. Despite the correction, Bitcoin remains a safe haven as it continues to hold the largest share of the market at 56.47%.
For a deeper dive into the future of Bitcoin, explore our Bitcoin Price Prediction.
Altcoin Watch: Winners and Losers
Amid broader market uncertainty, Ethereum price fell 3.12% to $3,884.64 on the daily chart. Solana also followed this trend, falling 1.57% to $217.45. XRP, on the other hand, fell sharply by 4.39% to $2.57.
For a detailed analysis of Ethereum, check out our Ethereum Price Prediction Page.
Biggest winners and losers:
PENGU became the flag bearer with the largest increase, soaring 587.47%. Meanwhile, BGB and MOVE recorded significant gains of 13.74% and 7.72% respectively. On the other hand, the price of HNT fell by -11.33%, PYTH by -10.48% and DYDX by -9.80%.
FAQ
Binance did not provide specific reasons for delisting, but such decisions often stem from regulatory issues or insufficient trading activity.
The fear and greed index is 80, warning of “extreme greed” in the market.
PENGU led the gains, surging an impressive 587.47% in the past 24 hours.
