Binance has flagged ten altcoins for increased scrutiny, placing them on its Monitoring Tag list due to heightened volatility and risk.
These tokens—Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), and Wing Finance (WING)—now face the possibility of delisting after a review period. Following the announcement, prices of these assets dropped significantly, with some falling by double digits.
Tokens tagged for monitoring are considered at higher risk of no longer meeting Binance’s listing standards. The exchange plans to regularly assess their compliance, focusing on factors such as development activity, liquidity, and community support.
In contrast, Jupiter (JUP), Starknet (STRK), and Toncoin (TON) have been removed from the Seed Tag list, indicating they have progressed beyond the early development stage.
To mitigate risk, Binance requires users trading high-volatility tokens to complete a risk awareness quiz every 90 days. This step ensures traders are aware of the potential challenges associated with these assets.
These updates are part of Binance’s ongoing efforts to maintain a safe trading environment by periodically reviewing and updating its listed tokens.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/binance-places-10-tokens-under-review-amid-volatility-concerns/