For people who don't yet know what it means when a crypto is "ON WATCH"

On Binance, the "On Watch" label usually refers to tokens or cryptocurrency pairs that are being closely monitored by the platform. This usually happens when there are concerns or risks associated with the project or token. Some of the most common reasons include:

1. Low liquidity or trading volume: If a token has little movement in the market, Binance might consider it for delisting.

2. Failure to comply with Binance standards: Listed projects must meet criteria such as transparency, ongoing development, and community support. If a token no longer meets these, it goes on "on watch."

3. Regulatory risks: If legal issues arise related to the token or its network, Binance may flag it for monitoring.

4. Technical or security issues: Blockchain flaws, vulnerabilities, or hacks could lead to this label.

5. Project team conduct: If the team behind a token displays questionable behavior (such as abandoning the project or lack of communication), Binance may take action.

When a token is “on watch,” it could be a sign that it is at risk of delisting. This means that users should keep an eye out for updates and consider the potential risks before continuing to trade that asset.

#troy $TROY