Binance’s Token Tumble: A Dreadful Drama Unfolds! 🎭💔

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Ah, the illustrious Binance, that grand stage of cryptocurrency, has decided to bid adieu to a few tokens on the 24th of February. It seems our dear friends no longer meet the high standards of this digital soirée. How tragic! 🎩

In a rather theatrical announcement, the exchange has declared it will be parting ways with five tokens, including the likes of AirDAO, Clover Finance, StormX, and Vite. One can only imagine the tears shed over this decision, following a meticulous review of their digital assets. 🥀

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it,” the exchange lamented, as if reading from a script of despair. 📜

Mark your calendars, dear traders! These tokens will vanish from the Binance listings on February 24 at 03:00 UTC. Trading pairs such as AMB/USDT, CLV/BTC, and others will also take their final bow. 🎭

Deposits and withdrawals for these unfortunate tokens will cease after February 25 at 3:00 UTC. But fear not! Binance offers a glimmer of hope that these delisted tokens might transform into stablecoins after April 25 at 03:00 UTC. A fairy tale ending, perhaps? 🧚‍♂️

Meanwhile, the Binance Funding Rate Arbitrage Bot will close all its dramatic strategies and conduct an automatic settlement on AMBUSDT and STMXUSDT symbols on February 20 at 05:30 UTC. Quite the spectacle! 🎪

Following the announcement, the tokens took a nosedive, with VITE plummeting nearly 45% in mere moments. One can only imagine the gasps from the audience as it trades at a paltry $0.0045. 😱

AirDAO, not to be outdone, also saw a sharp decline, dropping 37% to $0.0025. In the past month, AMB has plummeted over 60%. A tragic tale indeed! 📉

Last year, AirDAO was the victim of a dastardly hacker attack, losing a staggering 126.5 ETH and 41.61 million AMB tokens. The stolen funds were whisked away to various exchanges, including MEXC, KuCoin, and Binance. A true crime drama! 🕵️‍♂️

Clover Finance’s token, CLV, has also taken a hit, decreasing by over 12.3% post-announcement, now trading at $0.0417. Meanwhile, STMX dipped a mere 6.5%. How quaint! 🥳

According to CoinGecko, Binance is the leading contributor to trading volume for these soon-to-be-delisted coins, accounting for over 72% of all trading activity for AirDAO and Vite. Quite the performance! 🎉

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2025-02-17 13:44