Binance's shocking decision: 6 altcoins will be delisted, and the market situation will change suddenly💥🚨

Binance, the global cryptocurrency giant, recently dropped a "blockbuster" and announced that it will delist 6 altcoins on August 26, 2024, namely CVP, FOR, REFF, $EPX, $LOOM, and $VGX.

As soon as this news was announced, the market immediately caused a strong shock. The prices of CVP, FOR, EPX, and VGX plummeted by about 40% in just one day, and LOOM and REEF were also hit hard, falling by 14% and 23% respectively.

Binance has strict asset evaluation standards and will comprehensively consider key factors such as the project team's commitment fulfillment, trading volume, technology development quality, and network security. When an asset no longer meets the standards or market dynamics change, it will be decisively delisted to protect user rights and maintain a stable trading environment.

The delisting involves multiple trading pairs including CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT and VGX/USDT. Once trading is suspended, all active trading orders will be automatically cancelled.

In the past, Binance's delisting decisions have caused chaos in the market many times. Earlier this year, Monero (XMR), Aragon (ANT), Multichain (MULTI) and Vai (VAI) also suffered the same fate, with prices falling sharply after the announcement.

Today, these 6 altcoins are also in crisis, and the future direction of the market is full of uncertainty.