Invezz 2025-05-28 09:10:09

RENDER price drops as Coinbase delists RNDR, MOBILE, RBN

Render (RENDER) price dropped 8% as the market reacted to an announcement from Coinbase regarding the delisting of the RNDR token. Other tokens on Coinbase’s delisting schedule, including Helium Mobile (MOBILE) fell sharply. MOBILE was down 12% in the past 24 hours following the delisting news, while Ribbon Finance (RBN) and Synapse (SYN) dropped 14% and 15% respectively. The declines contrasted with some of the top gainers on the day, including Virtuals Protocol (VIRTUAL), Quant (QNT) and Sui (SUI). SUI price was up as the Sui community passed the “Whether to Return Stolen Assets of the Cetus Protocol Through a Special Transaction” proposal. The vote’s passing allows Sui Foundation and OtterSec to unfreeze $162 million of assets frozen following a security breach on Cetus Protocol . Both SUI and CETUS tokens were among the altcoins to rise as Bitcoin hovered near $108k. Coinbase to delist Render, other tokens Render rebranded and migrated its token in July 2024, with several crypto exchanges delisting RNDR pairs to support the new ticker RENDER. Among those to take the initiative were Binance, Bybit, OKX, Upbit and Crypto.com. Coinbase continued to offer trading support for Render’s RNDR. However, the exchange now plans to delist the token alongside many others, citing listing standards. Coinbase Assets 🛡️ @CoinbaseAssets · Follow We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), & Synapse (SYN) on June 26, 2025, on or around 2 PM ET. 7:06 pm · 27 May 2025 1.6K Reply Copy link Read 234 replies As well as Render, other tokens Coinbase Exchange plans to suspend trading include Helium Mobile (MOBILE), Ribbon Finance (RBN), and Synapse (SYN). The removal of trading support for the tokens is scheduled for June 26, 2025. “MOBILE, RNDR, RBN, & SYN are being delisted because new versions of these tokens have been released. As a result, the original versions of these tokens no longer meet our listing criteria,” Coinbase Assets wrote. RENDER price dips The price of RENDER had traded at highs of $4.91 but fell to lows of $4.40 amid the news, with trading volume rising 156% to over $181 million. A spike in daily volume looks to align with the Render Network’s reminder for its community to upgrade from the ERC-20 token RNDR to the Solana SPL token RENDER. The Render Network @rendernetwork · Follow Great reminder to upgrade your RNDR, (ERC-20 token), to RENDER, (Solana based SPL token).To upgrade your RNDR to RENDER, go to upgrade.rendernetwork.com , and follow the instructions. For more on the reason behind the upgrade: renderfoundation.com/upgrade —Upgrading is easy:Step 9:16 pm · 27 May 2025 405 Reply Copy link Read 28 replies Coinbase says it will suspend trading for highlighted cryptocurrencies on Coinbase.com – both Simple and Advanced Trade. Trading will also be halted for these tokens on Coinbase Exchange and Coinbase Prime. RENDER price reached the all-time high of $13.60 in May 2024, which means current price is nearly 67% off this peak. If bulls fail to hold onto gains or break higher, the next leg down could see bears target April 2025 lows of $2.77. The post RENDER price drops as Coinbase delists RNDR, MOBILE, RBN appeared first on Invezz