Important Binance Update: Affects SHIB and DOGE – Latest News and Trends
Binance Delists 17 Liquidity Pools
Binance, the world’s largest cryptocurrency exchange, has recently announced its decision to delist 17 liquidity pools from its Liquid Swap platform. This move aims to reduce slippage and provide users with better transaction prices. The affected trading pairs include ADA/BUSD, BNB/BUSD, BTC/BUSD, BUSD/DAI, BUSD/USDT, DOGE/BUSD, ETH/BUSD, FIL/BUSD, GMT/BUSD, HOOK/BUSD, LINK/BUSD, LTC/BUSD, MATIC/BUSD, POND/BUSD, SHIB/BUSD, SOL/BUSD, and UNI/BUSD.
Users who currently hold positions in these liquidity pools will automatically receive their deposited assets in their Spot wallets. It’s important to note that this delisting spree will not impact the trading of the aforementioned pairs on Binance Spot.
Despite these delistings, the prices of Dogecoin (DOGE) and Shiba Inu (SHIB), two popular memecoins, have remained strong. In fact, DOGE has seen a 3% increase in the past 24 hours, while SHIB has spiked by 4%. These price increases may be attributed to the overall positive trend in the cryptocurrency market, with Bitcoin surpassing $30K for the first time since August and other cryptocurrencies like XRP and Solana experiencing significant gains.
BitMEX Delists FLOKI and Other Pairs
In addition to Binance, BitMEX, another prominent cryptocurrency exchange, has also conducted a delisting spree. The pairs removed from BitMEX’s platform include FLOKI/USD, FLOKI/USDT, 1TAIDOGE/USD, 1TAIDOGE/USDT, BOB/USD, GMX/USD, GMX/USDT, ORDI/USD, RNDR/USD, and TURBO/USD.
Despite the delisting, Floki Inu (FLOKI) has seen a significant uptrend in its value recently. Over the past 30 days, FLOKI has risen approximately 18%, and since the beginning of the year, it has experienced an impressive 130% increase.
If you’re interested in learning more about these memecoins and their specific details, purposes, and associated risks, you can watch our informative video below:
- Shiba Inu (SHIB)
- Dogecoin (DOGE)
- Floki Inu (FLOKI)
These memecoins have gained considerable attention in the crypto community, and understanding their dynamics is crucial for informed investment decisions.
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