Binance has announced that it will delist and cease trading for all spot trading pairs involving the following tokens on November 6: IDRT, KP3R, OOKI, and UNFI.
The exchange emphasized that when a token fails to meet its standards, it undergoes a more thorough review, which could lead to delisting.
Just In: Binance announced that it will delist and stop trading in all spot trading pairs of the following tokens on November 6: IDRT, KP3R, OOKI, UNFI.
Binance said that when a token or token no longer meets standards, a deeper review will be conducted and it may be delisted.…
— Wu Blockchain (@WuBlockchain) October 23, 2024
Recent developments have raised eyebrows regarding the Unifi Protocol, particularly concerning the $UNFI token. Just two days ago, suspicions arose that the Unifi Protocol team sold off $2.54 million worth of $UNFI tokens.
Notably, address 0x319…d467 received 1.37 million $UNFI tokens, valued at approximately $7.82 million, which were distributed by the project three years ago.
Now, three years later, this address has transferred 860,000 of those tokens back to Binance.
$UNFI Past Growth And Current Happenings
This situation is particularly striking given that a year ago, $UNFI was experiencing significant growth, soaring by 154% within two months, climbing from $5.80 to $14.50. This rapid increase positioned it as one of the standout performers in the crypto market at that time.
Unifi Protocol 团队疑似抛售价值 254 万美金的 $UNFI 👀
地址 0x319…d4677 三年前曾收到项目方分发的 137 万枚代币（约 782 万美金），时隔三年在六小时前向 #Binance 充值了其中 86 万枚代币
去年这时候 UNFI 可是涨幅榜明星，两个月暴涨 154%($5.8 > $14.5)🤪钱包地址 https://t.co/QKTVwnPZAv https://t.co/5jUZ7n2UHP pic.twitter.com/B1ogaCB33u
— Ai 姨 (@ai_9684xtpa) October 21, 2024
As Binance prepares to delist these tokens, the market watches closely to see how this will affect trading activity and the overall sentiment surrounding these assets.
The recent actions by the Unifi Protocol team and the upcoming delisting raise questions about the token’s future and investor confidence. As the situation unfolds, it underscores the importance of transparency and stability within the rapidly changing crypto landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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