{"id":140677,"date":"2024-10-27T12:00:03","date_gmt":"2024-10-27T10:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140677"},"modified":"2024-10-26T19:07:38","modified_gmt":"2024-10-26T16:07:38","slug":"coinbase-announces-another-altcoin-delisting-triggering-major-price-drop","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-announces-another-altcoin-delisting-triggering-major-price-drop\/","title":{"rendered":"Coinbase Announces Another Altcoin Delisting, Triggering Major Price Drop"},"content":{"rendered":"<p>This decision has led to a 20% drop in the price of the Decentralized Social token within 24 hours as traders reacted swiftly.<\/p>\n<p>The project had previously raised over $200 million from prominent investors, including a16z, Pantera Capital, Coinbase Ventures, and Sequoia.<\/p>\n<p>Trading for the token will cease on November 8, with its order books switched to limit-only mode, allowing users to place and cancel limit orders but restricting actual trades.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/charles-hoskinson-predicts-bitcoins-defi-market-could-surpass-ethereum-and-solana\/\" title=\"Charles Hoskinson Predicts Bitcoin&#8217;s DeFi Market Could Surpass Ethereum and Solana\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/charles-hoskinson-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Charles Hoskinson Predicts Bitcoin&#8217;s DeFi Market Could Surpass Ethereum and Solana<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Coinbase stated, \u201cWe regularly assess the assets on our platform to ensure they meet our listing standards. Following recent evaluations, we have decided to suspend trading for Decentralized Social.\u201d<\/p>\n<p>Many investors are disappointed, viewing the delisting as a setback for the project\u2019s vision of decentralized social media. In response, founder Nader Al-Naji expressed his frustration and likened the situation to Ripple\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong>, which was relisted after a court ruling. He remains hopeful about getting the token back on Coinbase.<\/p>\n<p>Following the announcement and a broader market downturn, the token has faced significant losses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has announced plans to delist a notable cryptocurrency, sending shockwaves through its community.<\/p>\n","protected":false},"author":7,"featured_media":43939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-140677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Announces Another Altcoin Delisting, Triggering Major Price Drop<\/title>\n<meta name=\"description\" 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