💥💥What’s Happening with the Altcoin Delisted by Binance? New Tokens Minted, Price Soars! 💥💥

The altcoin that Binance has decided to delist experienced a sudden spike in price as billions of new tokens were minted and a portion was transferred to cryptocurrency exchanges in a short time. One of the notable developments in the cryptocurrency markets today occurred with the LeverFi (LEVER) project. According to on-chain data, the decentralized leveraged trading protocol LeverFi minted approximately 13.7 billion new LEVER tokens. Some of these tokens were quickly transferred to the popular exchange Bybit. The lack of an official announcement has created uncertainty among investors.

Last week, Binance announced that it would remove LeverFi from its platform as of July 4. The sudden increase in token supply and transfers to exchanges following this decision caught investors by surprise. While some interpreted this move as price manipulation, the absence of a clear statement from LeverFi fueled speculation.

LeverFi had announced on May 15 that under the LeverAI staking incentive program, the token supply would increase from 35 billion to 55 billion 786 million. Although it is assumed that the newly minted tokens are linked to this program, no official confirmation has been made.

Following these developments, the LEVER price increased significantly in a short time. Investors are eagerly awaiting announcements from the LeverFi team. In the high uncertainty environment of the cryptocurrency market, users are advised to act cautiously.

The LEVER token has gained 32.6% in value in the last 24 hours, trading at $0.0004102 at the time of writing this news.

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