BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) experienced a drop in value after Binance announced the extension of its Monitoring Tag to these tokens. This tag indicates a risk of delisting from the exchange if the tokens do not meet Binance's strict criteria. The announcement, made on Monday, followed a review considering factors like team commitment, liquidity, and community engagement. Tokens under the Monitoring Tag are subject to increased scrutiny, and while inclusion does not guarantee delisting, it serves as a warning. Users trading these tokens must now complete a quiz every 90 days and accept Binance's Terms of Use. Following the announcement, BAKE's price fell by 5.58%, IDEX by 3.45%, and SLF by 3.29%. These declines were not unexpected, as all three tokens had been on a downward trend prior. Over the past month, BAKE has dropped 66.4%, SLF 54.9%, and IDEX 25.1%, raising concerns about their future on the platform. Read more AI-generated news on: https://app.chaingpt.org/news