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CoinGape 2024-12-18 09:18:24

SUI, HMSTR and These Crypto Tumble After Binance Delisting Announcement

Binance is set to delist underperforming trading pairs for Sui (SUI), Hamster Kombat (HMSTR), Bancor (BNT), Cyber (CYBER), and Anchored Coins (AEUR). These tokens have experienced notable price drops recently following the announcement, with SUI down 6%, HMSTR down 10%, and others also recording a dip between 5% to 10%. This reflects low liquidity and trading volume, prompting the exchange decision to ensure a better trading experience for users. However, despite the delisting, these tokens will remain accessible on Binance through other active trading pairs. It continues to prioritize market efficiency while maintaining user access to popular assets, even amidst recent price fluctuations. Binance Announces Delisting of Five Spot Trading Pairs Binance announced on December 18 that it will delist five underperforming spot trading pairs as part of its routine market reviews. The exchange emphasized that the decision aligns with its goal of maintaining a high-quality trading environment for users. Binance periodically evaluates all listed trading pairs based on factors such as liquidity, trading volume, and market performance to ensure optimal user experience. The trading pairs to be delisted include SUI/TUSD, HMSTR/BNB, BNT/ETH, CYBER/TUSD, and AEUR/EUR. The delisting will take effect on December 20 at 03:00 UTC. Binance clarified that while these pairs will no longer be tradable, users can continue trading the tokens—Sui, Hamster Kombat, Bancor, Cyber, and Anchored Coins—through other available pairs on the platform. Additionally, the top crypto exchange will also terminate Spot Trading Bots services for these pairs at the same time. Users are advised to update or cancel their trading bots in advance to avoid potential losses. The move underscores its commitment to safeguarding users and optimizing market efficiency by streamlining its trading offerings. Major Price Drops Across SUI, HMSTR, and Other Tokens Sui (SUI) price experienced a 6% drop in the last 24 hours, trading at $4.49. Despite this recent dip, it gained 22% over the last week and 19% over the past month. Its 24-hour low and high stood at $4.45 and $4.86, respectively. Hamster Kombat (HMSTR) price saw a sharper 10% decline in the last 24 hours, trading at $0.0029. The token also dropped 23% in value over the past month. HMSTR’s market cap is $193 million, with $43 million in 24-hour trading volume. Bancor (BNT) dropped 5%, trading at $0.811. Cyber (CYBER) fell by 6%, priced at $4.3. Anchored Coins (AEUR) also saw a 10% decrease, trading at $0.88. Notably, these declines indicate the robust influence of the exchange among the market participants. In addition to the above, Binance also announced the delistings of Kaon (AKRO), Bluzelle (BLZ), and WazirX (WRX) on December 25. Based on recent reviews, Binance has decided to cease trading on all spot trading pairs for these tokens starting at 03:00 (UTC) on the specified date. The post SUI, HMSTR and These Crypto Tumble After Binance Delisting Announcement appeared first on CoinGape .