Market Update: Binance Delists WRX, AKRO, and BLZ Amid Turbulent Crypto Market Conditions

Crypto News Today (Dec 18, 2024): Binance Announces Delisting of WRX, AKRO, and BLZ

The cryptocurrency market has been hit by a wave of turbulence today as Binance announced the delisting of three tokens: WRX, AKRO, and BLZ. The unexpected move has caused a significant price drop for these tokens, with WRX plummeting 40%, AKRO losing 25%, and BLZ dropping 24%.

The cryptocurrency market cap dropped significantly by 2.63% to $3.67 trillion, as the Fear & Greed Index maintained its score of 80, indicating an extremely greedy sentiment in the market.

Meanwhile, Bitcoin has witnessed a 1.98% decline to $104,923.94, despite retaining its dominance with a share of 56.47%. The intraday trade volumes have dropped by 2.78% to $77.35 billion.

The delisting decision comes as a shock to many traders and investors who hold these tokens in their portfolios. Binance has not provided any specific reasons for the delisting, but such decisions often stem from regulatory concerns or insufficient trading activity.

Despite the chaos in the market today, some altcoins have managed to buck the trend. PENGU, a lesser-known cryptocurrency, led the gains with an impressive 587.47% increase over the last 24 hours. Other notable performers include BGB and MOVE, which posted gains of 13.74% and 7.72%, respectively.

On the flip side, HNT suffered a loss of -11.33%, PYTH dropped by -10.48%, and DYDX fell by -9.80%.

As cryptocurrency enthusiasts, it’s essential to stay informed about these developments in order to make informed investment decisions.

Source: coinpedia.org