Binance Altcoins Monitoring Tightens: 11 AltCoins Flagged with Potential Delisting Risk
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 02 2024- Binance Monitoring Tags: Binance has placed monitoring tags on 11 altcoins to identify assets with increased volatility and potential regulatory issues, raising concerns about delistings and market instability.
- Tokens Under Monitoring: The tagged tokens include Balancer, Cortex, PowerPool, Convex Finance, Dock, Kava Lend, IRISnet, MovieBloc, Polkastarter, Status, and Sun, leading to price drops and investor apprehensions.
- Impact on Token Prices: Tokens like Cortex, PowerPool, and Dock experienced significant price declines after the announcement, signaling potential risks of failing to meet listing criteria.
- Regulatory Compliance and Evaluation: Binance uses the Monitoring Tag to assess project teams, development efforts, trading volume, liquidity, and network stability, warning investors of delisting risks.
- Positive Update: Enzyme and Horizon have been removed from monitoring, indicating compliance with Binance's standards and enhancing market visibility for these tokens.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
