In a significant development for the cryptocurrency market, South Korean exchange Coinone has decided to delist the MYRO token, effective February 19, 2025. This move highlights the exchange's commitment to ensuring the safety and security of its users amidst growing concerns over the token's viability, as emphasized in the official statement.
Delisting Decision for MYRO
The decision to delist MYRO follows a comprehensive evaluation of its ecosystem, which raised alarms about the token's community engagement and overall business sustainability. Coinone has stated that this action is necessary to protect users from potential financial losses linked to projects that may not be able to maintain their operations.
Trading Pairs and User Advisory
As part of the delisting process, all trading pairs associated with MYRO will cease operations at 6:00 AM UTC on the specified date. Coinone is advising users to withdraw their assets promptly to avoid any complications. This proactive step underscores the exchange's responsibility in managing its platform and safeguarding its user base.
While Coinone's decision to delist the MYRO token raises concerns about market stability, PENGU's recent price action suggests a potential bullish reversal. For more details, see further information.
