Binance Considers Delisting Five Altcoins Amid Increased Volatility

Binance, the largest cryptocurrency exchange globally, is considering delisting five altcoins due to their heightened volatility.

The exchange has placed Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE) under a Monitoring Tag, signaling increased scrutiny.

The Monitoring Tag indicates that these assets may not meet Binance’s rigorous listing standards, which evaluate project commitment, development quality, trading activity, and network stability. A warning has been issued that tokens under this tag face potential delisting if they fail to comply with the exchange’s criteria.

As a result, the prices of these altcoins have suffered significantly. VITE saw the steepest decline at nearly 25%, while PROS and CLV fell by 15.74% and 15.22%, respectively. In contrast, KEY and BLZ displayed resilience, with KEY recovering to a 7.35% drop after an initial 9% decline, and BLZ stabilizing at a 4.54% decrease following a 12% drop.

In a contrasting move, Binance removed the Seed Tag from Pendle (PENDLE) and Sei (SEI), indicating their improved stability. Tokens under either the Monitoring or Seed Tag require users to pass quizzes every 90 days to ensure awareness of the associated risks.