Over the past 10 days, the WRX token has maintained a bearish run, losing over 90% of its value. The impact of Binance's delisting decision is evident.
WRX Token's Fall
WRX recently experienced significant turmoil. Its price dropped over 95% in ten days. As of December 25, the token hit a critical support level at $0.0144. Recently, WRX has shown slight recovery, gaining 53.46% in the last 24 hours, but still stands 88.08% lower than last week.
Reasons for the Sharp Decline
On December 18, Binance announced the delisting of the WRX token, leading to an immediate market reaction. Within an hour, WRX's value fell by 40%. This decision dealt a significant blow to WazirX and its community amidst a volatile market.
Future of WRX Token
While the token is trying to stabilize, its future hinges on its ability to rebound. Many investors wait to see if stabilization will occur or if more decline is on the horizon.
The situation surrounding the WRX token remains tense. It is crucial to monitor developments closely to understand the future directions of this asset.
