Binance adds Monitoring Tags for 4 tokens: BIFI, FIS, KMD, MDT

Binance has just announced the addition of Monitoring Tags for 4 tokens: $BIFI (Beefy Finance), $FIS (StaFi), $KMD (Komodo) and MDT (Measurable Data Token). With this addition, there are now a total of 24 tokens on the exchange's monitoring list.

The application of a Monitoring Tag to these tokens indicates that they may no longer meet Binance's listing standards. This often occurs when a project undergoes significant changes in stability, trading volume, team quality, or other factors affecting its viability and growth.

You can view the detailed announcement at: https://www.binance.com/en/support/announcement/detail/74103b430fbe40438e59a5c0e1b5b201

Risk warning when trading tokens with Monitoring Tags:

Tokens with Monitoring Tags typically experience strong price volatility and very high risk. If a token does not improve its situation or continues to fail to meet Binance's standards, it may be delisted from the exchange.

When a token is delisted, its value may decrease sharply or become nearly worthless, causing significant losses for investors. Therefore, traders are advised to exercise extreme caution when trading these assets. Please do thorough research (DYOR) and consider potential risks before making any investment decisions.

Investing in cryptocurrency carries high risk due to strong price volatility.