Binance Delists SHIB, LINK, and MEME Due to Low Liquidity, Sparking Market Reaction

Starting early June 28th, Binance will stop trading for several cryptocurrencies including SHIB, LINK, and MEME due to low liquidity. And the impact of follow-up actions

प्रमुखCryptocurrency exchange Binance has announced that in ​​view of low liquidity, it plans to delist many cryptocurrencies from its platform

. This move will cause trading on Shiba Inu Coin (SHIB), Chainlink (LINK), Memecoin (MEME), Blur, Metis, NFPrompt (NFP) and Osmosis (OSMO) to be suspended on June 28 at 3:00 PM UTC . Binance regularly reviewsits listed assets to improve trading quality, and this decision was made due to concerns about liquidity and trading volume. The purpose of the exchange is to simplify

its operations by removing illiquid assets and maintain a

stable trading environment for users. Impact on Price and Market Sentiment

This announcement had a

directimpact on the price of the affected cryptocurrencies. SHIB, LINK, and other tokens saw initial

price swings as investors adjusted their holdings and strategies in response to Binance’s decision. This news

comesat a critical time, as investors are dealing with macroeconomic pressures and anticipating upcoming market events. This factor may further influence traders’ decisions and prompt a broader re-evaluation of investment strategies. Operational Adjustments and Next Steps

In response to the delisting, Binance will also stop the spot trading robot service for the affected trading pairs

immediately after the asset is delisted. This measure is to ensure a smooth

transition and maintain the

integrity of operations. Binance recommends market participants closely

monitor these developments and adjust their investment strategies as necessary. While the

immediateimpact on price is clear, the long-termprospects for cryptocurrencies like SHIB and LINK will continue to be influenced by broader market dynamics and investor sentiment.

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