On July 7, Binance announced the expansion of its Monitoring Tag list with the inclusion of three digital assets: BakeryToken (BAKE), IDEX, and Self Chain (SLF). This decision followed a careful review of the projects.
Information on BAKE, IDEX, and SLF Addition
Binance officially announced the inclusion of these three digital assets in the Monitoring Tag list. Tokens in the Monitoring Tag exhibit a higher volatility risk compared to other projects and are monitored periodically to ensure compliance with listing criteria.
Details on Price Volatility of New Assets
Following Binance's announcement, both BAKE and IDEX experienced price volatility. BAKE initially surged over 11% but then dropped about 6%. IDEX also saw volatility, trading above $0.01.
Market Status and Current Metrics of Assets
At the time of writing, SLF had a market cap above $11 million but dropped over 10% following the announcement. BAKE is trading above $0.09 with a market cap over $26 million, while IDEX has a market cap of nearly $16 million.
The inclusion of BAKE, IDEX, and SLF in the Monitoring Tag highlights Binance's focus on volatile crypto assets and the need for careful risk assessment.
