Binance announced 4 Altcoin to be delist. Airdao (EMB), CLV (CLV), STORMX (STMX) and VITE (VITE) for the announcement of spot processing parities will be removed harsh decreases in prices. As seen in similar Delist events before, these crypto beings experienced double -digit decreases. As of February 24, the orders of these tokens will be canceled, and after April 24, the shooting transactions will not be supported.
Which subcoins are crazy?
Binance announced in the announcement that ECB, CLV, STMX and VITE tokens will be mad from all spot trading pairs. The couples to be affected by the process include AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT and VITE/USDT.
Binance’s move is seen as part of the stock market’s efforts to regularly improve market quality. However, the sudden decrease in the prices of token’s token’s prices has significant risks for investors. In the past, the fact that Binance’s six Altcoin density caused these assets to depreciate between 10 %and 22 %.
What should Binance users do?
Binance examines the assets listed at regular intervals and removes those who do not meet certain criteria. The stock market takes such decisions by evaluating the development processes of the projects, network and intelligent contract security, transaction volume and regulatory compliance.
What should be known by investors:
- As of February 24, 2025All process orders of these tokens will be deleted.
- After February 25It will not be possible to deposit these tokens into the Binance accounts.
- From April 24thShooting transactions via Binance will not be supported.
- As of April 25Some of these tokens can be automatically translated into stabilcoin.
Binance will also close the futures for ECB and STMX on February 21 at 12:00 (TSI). Investors with an open position should close their transactions in order to avoid automatically liquidation.
What will be the market response for the tokens that are mad?
After the announcement, EMB, CLV, STMX and VITE prices experienced harsh decreases. The price of ECB decreased by 35 %to $ 0.002627, while the transaction volume increased by 690 %to $ 10.68 million. CLV lost value to $ 0.04238 with a loss of 10 %, while STMX decreased at the same rate. The price of VITE decreased by 37 %to $ 0.00495.
These developments once again revealed the impact of large stock exchanges such as Binance in the crypto market. While the tokens listed in large stock exchanges gain value, the delusional assets often experience sudden price decreases. While the uncertainty continues in the short term, some investors may see these decreases as the opportunity to buy long -term purchase.
