Stock market tokens are at the top of the list of the most depreciating ones of the day, has the risky process been entered for stock market tokens?
One of the elements that has suffered the most from the recent turmoil has been crypto exchanges. Stock markets, faced with the tight stance of the SEC, have been struggling for a while. The crypto industry, fueled by the SEC’s lawsuits against Binance and Coinbase, has discredited exchange tokens. What’s the latest on the wave of sales in PancakeSwap (CAKE), OKB and BNB?
Why Are Investors Leaving Exchange Tokens?
The ongoing tension between regulators and crypto exchanges has affected the exchanges’ tokens the most. Recently sued Binance SEC, BNB pushed it back. BNB, which has decreased by 5.15 percent in the last 24 hours, became the 5th most depreciating coin of the day.
Same way OKEXAnd From PancakeSwap outputs continue. Not only regulatory actions, but also technical problems and exchanges that have problems with the liquidity pool are falling out of favor. OKEX OKB, the token of the stock exchange, has fallen by 5.40 percent in the last 24 hours. PancakeSwap’s token CAKEOn the other hand, it fell 6.98 percent and became the most depreciating coin of the day.
