Binance Adds Monitoring Tag to 4 Tokens, Signaling Delisting Risk
Binance applied its Monitoring Tag to AVA (AVA), Gains Network (GNS), Scroll (SCR), and Towns Protocol (TOWNS) on September 4. The label places all four tokens under closer review.
Traders reacted quickly. All four tokens dropped following the announcement.
What Does the Binance Monitoring Tag Mean?
Binance uses the tag to flag assets that are more volatile and riskier than the rest of its listings. Tagged tokens face repeat reviews and can lose their listing entirely.
"Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform," the team said.
Binance weighs team commitment, development activity, trading volume, liquidity, network stability, and tokenomics changes during each review.
The recent record gives the label weight. Binance delisted Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC) last month, and all had been tagged earlier.
The pattern repeated weeks later. Binance removed ICON (ICX), Secret (SCRT), and Storj (STORJ) from spot trading on September 3. All three had received the tag first, ICX as recently as August 11.
โฆ Continue reading the full article at the original source below.
