$VOXEL
Today, the rise list is dominated by coins with observation tags, with an overall increase of over 40%. I’ve counted that Binance has delisted no more than 5 tokens in a single instance over the past two years. After the first phase of the voting delisting event was launched, 14 tokens were cleared at once, which is a higher frequency than before. The second phase of the voting delisting will start on April 10th; I wonder how many will be delisted this time.
VOXEL is even more exaggerated, with the contract holdings exceeding the market value, and the highest increase in 24 hours reaching seven times. The funding rate has been changed to hourly settlement; behind this surge, is it a self-rescue by the project party or the last dance before delisting?
The frequency of Binance adding observation tags has been adjusted from quarterly to monthly, and in about ten days, another batch of names will be announced. It is highly likely that another batch of low market cap tokens will start to pump in the coming days. The survival cycle of those low market cap tokens with no circulation is getting shorter and shorter. For project parties that do nothing, they should be thrown into the trash and completely destroyed.
In the end, everyone should still pay attention to the risks; a surge does not equal value support. Long-term benefits for the market are healthy. Only after the tide goes out will we know who is swimming naked!
