Binance Put a Monitoring Tag on 10 Tokens

Recently, Binance announced the addition of 10 tokens to its Monitoring Tag list, which includes tokens at high risk of being delisted. This move reflects Binance's ongoing commitment to maintaining a robust trading environment

Binance has put a Monitoring Tag on 10 tokens in a move that reflects the deepening regulatory scrutiny and market volatility affecting crypto exchanges.

The world’s largest cryptocurrency exchange is placing 10 tokens on a Monitoring Tag. This signals potential delisting risks due to concerns over volatility, liquidity, and regulatory compliance.

The affected tokens are: Viberate (VIB), Wing (WING), LTO Network (LTO), Pocket (PDA), Bico (BSW), Voxel (VOLX), Perp (PERP), NKN, and FLM. ARDR (Ardor) was also tagged.

However, Binance has removed the Seed Tag from three prominent tokens: Jupiter (JUP), Starknet (STRK), and Toncoin (TON). This move indicates that these projects have now met the exchange’s stringent risk assessment criteria and are considered more stable.

These projects’ inclusion in the Seed Program signaled their potential for growth and contribution to the broader crypto ecosystem.

This action follows Binance’s recent delisting measures, including the introduction of the “Vote to Delist” campaign, which has seen users vote to keep or delist a token. This move has further intensified the pressure on underperforming projects.

Earlier this year, Binance announced the closure of its Mena operations due to a lack of regulatory approval.

The exchange has also been actively engaging with regulators and adapting its services to meet evolving compliance standards.

The announcement of the Monitoring Tag saw an immediate market reaction, with all 10 tagged tokens plunging into the overhwemlming red color.

VIB suffered the most significant decline, dropping more than 40% within minutes of the news.

Other tokens also experienced sharp losses, including WING, LTO, PDA, and BSW, all falling over 30%.

Even more resilient tokens saw substantial declines, with VOXEL, PERP, NKN, and FLM. ARDR (Ardor) was the only token to experience a relatively mild drop of 6%.

The reason for ARDR’s lesser impact lies in its larger market capitalization, which exceeds $50 million, making it the most established among the tagged tokens.

In contrast, the other tokens have market caps below $50 million, with VIB’s market cap at a mere $4 million, rendering it particularly vulnerable to market sentiment and delisting fears.