Binance Seed Tag Gone for JUP, STRK, TON; Lower Risk Signal?
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Binance expanded its Monitoring Tags to multiple altcoins, signaling delisting risks. The exchange removed Seed Tags for JUP, STRK, and TON, giving relief to investors. Several altcoins, including ARDR, suffered significant price drops between 20%–30%. Binance updated its token classifications, removing Seed Tags from several altcoins while expanding its Monitoring Tag list to others, sparking investor concerns as many affected tokens experienced sharp price declines. In its latest announcement, Binance revealed cryptocurrencies including Jupiter (JUP), Starknet (STRK), and Toncoin (TON) have had Seed Tags removed. Related: Using Binance in India? Tax Crackdown Targets 1% TDS Dodgers Harshly Concurrently, Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), and Wing Finance (WING) were placed under Monitoring Tags. Monitoring Tag Signals Higher Risk, Potential Delisting Binance defines Monitoring Tags as signaling higher volatility and increased risks for specific tokens, subjecting them to more stringent evaluations. The exchange clarified that tokens bearing these tags undergo regular scrutiny and face potential delisting if they fail required standards. Related: Binance Seeds Launches Talent Programs for Crypto Growth The exchange clarified that tokens bearing these tags undergo regular scrutiny, with the possibility of delisting if they fail to meet the required standards. Binance has expanded monitoring tags to ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB, VOXEL, and WING tokens, which means delisting risks. Binance has also removed seed tags for JUP, STRK, and TON. https://t.co/EEmh0N9EMI — Wu Blockchain (@WuBlockchain) April 3, 2025 Binance’s review process considers factors like team commitment, development activity, trading volume/liquidity, network security, regulatory compliance, and community engagement. Failure to meet these criteria can result in removal from the platform. The market reaction to Binance’s updated classifications was severe. ARDR plunged nearly 8%, while other altcoins added to the Monitoring Tag…
Filed under: News - @ April 3, 2025 2:30 pm