Binance Adds “Monitoring” Tag to 10 Coins – A Warning Signal for Potential Delisting?

Recently, Binance – the world’s largest cryptocurrency exchange – announced it has added the Monitoring Tag to 10 coins, placing these projects under special watch status. This serves as a warning that these tokens are at higher risk of being delisted if they fail to meet Binance’s strict evaluation criteria.

List of 10 Coins Newly Tagged with “Monitoring”:

• Ardor (ARDR)
• Biswap (BSW)
• Flamingo (FLM)
• LTO Network (LTO)
• NKN (NKN)
• PlayDapp (PDA)
• Perpetual Protocol (PERP)
• Viberate (VIB)
• Voxies (VOXEL)
• Wing Finance (WING)

When a token is labeled with the Monitoring Tag, users will be shown a risk warning and must acknowledge the risks before trading.

What Is the “Monitoring Tag”?

On October 4, 2023, Binance introduced two new categories: Seed Tag and Monitoring Tag to promote transparency and help users understand the risks associated with certain tokens.

In detail:

• The Monitoring Tag is assigned to tokens that pose higher-than-normal risks, possibly due to low liquidity, underperformance in development, or failure to meet Binance’s evaluation standards.
• These tokens are subject to close monitoring and may be delisted if improvements aren’t made.

Why Is the Monitoring Tag Important?

When a coin is labeled with the “Monitoring” tag, it can lead to:

• Negative sentiment in the community, potentially causing a price drop.
• More restrictions in trading, as users must acknowledge risk warnings.
• A greater risk of being delisted from Binance, affecting liquidity and investor confidence.

What Should Users Do?

If you’re holding any of the tokens listed above:

• Review your investment portfolio and assess your risk exposure.
• Keep a close eye on future announcements from Binance, especially during periodic reviews.
• Avoid FOMO or panic selling – instead, analyze each project carefully.

Binance continues to emphasize user protection by transparently flagging potential risks, helping investors make informed decisions.