Hold onto your crypto hats, folks! By February 6, 2025, you won't be able to withdraw certain digital assets from Binance. It's time to wave goodbye to a few tokens as Binance, the big daddy of crypto exchanges, is shaking things up again. They regularly shuffle their crypto deck based on market vibes, rules, and regulations. When they delist a token, it can be a big deal, leading to a dip in its reputation and liquidity, and sometimes even a nosedive in its price!
We saw this drama unfold today (October 23) when Binance announced it’s pulling the plug on Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI) starting November 6. However, don't panic just yet! You can still make withdrawals with these tokens until February 6, 2025.
Say goodbye to the trading pairs KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT as they will vanish into thin air. And here’s a tip: after delisting, your wallet won’t show these tokens' value unless you unhide small balances.
The aftermath? IDRT managed to keep its cool with a slight price dip. But KP3R, OOKI, and UNFI took a beating, with drops of nearly 40%, 44%, and 41%, respectively.
On a brighter note, Binance's recent decision to launch 1000CATUSDT perpetual contracts on its futures program sent the meme coin Simon’s Cat (CAT) into orbit, with its value rocketing by a whopping 65%!
Just a month ago, Binance gave a warm welcome to three meme coins: Baby Doge Coin (BABYDOGE), Turbo (TURBO), and Neiro (NEIRO). These coins didn’t just tiptoe into the market; they burst in with NEIRO soaring a staggering 500% in a single day!
But hold your horses before jumping on the meme coin bandwagon. Binance tags these under its seed category, which means they come with extra spice – greater volatility and risks. Always do your homework before diving into these thrilling yet risky crypto waters!
