Binance announced the potential removal of three tokens from its platform following an internal review, triggering a swift market reaction.
Market Reaction to Delisting News
The market reacted swiftly, with all three tokens suffering steep losses, reflecting double-digit percentage drops and suggesting panic selling or aggressive portfolio reshuffling.
Reasons for Observation of Tokens
The exchange stated that the move follows a recent review and is meant to signal increased risk. Binance will closely monitor development activity, transparency, and security measures for each project. Delisting could follow if concerns are not addressed.
Current Token Performance
BAKE fell over 10% to $0.0887, clinging to a narrow support zone. IDEX dropped nearly 12% to $0.01595, showing weakening technical structure. SLF also tumbled around 10%, now hovering near its support at $0.06432.
The current situation highlights the need for investors to keep a close watch on updates from Binance as the exchange continues to reassess token listings under its risk framework.
