Major Events in the Crypto World! Exchanges Take Action to Delist Three Tokens

💰Major Events in the Crypto World! Exchanges Take Action to Delist Three Tokens, avoid these traps!💣

Another explosion in the crypto world!💥

The world's largest exchange, Binance, announced the delisting of three tokens: BAKE, HIFI, and SLF on September 17. This is not just an ordinary adjustment, but a "precise elimination" of problematic assets! The market reacted quickly, and these three tokens plummeted. If you still hold these tokens, be very careful!🚨

🔍 Revealing the Issues of the Three Tokens:

1️⃣ $BAKE: Once the ecological token of BakerySwap, but the platform's trading volume has continued to shrink, and the team's operations have been poor. The parent company, Cake Group, has also been reported to have internal strife and financial issues. The so-called "governance value" has long been non-existent.

2️⃣ $HIFI: Marketed under the banner of "fixed-rate lending," but the token economics design has serious defects, with a circulation ratio as high as 88%, and a market value of only about 9.9 million dollars, plummeting over 95% from its peak! The project party even stated that they learned about the delisting news at the same time as investors, showing its out-of-control state.

3️⃣ $SLF: It's simply a naked scam! It was renamed from the FRONT token, with total supply skyrocketing from 90 million to 360 million, directly diluting user assets by 75%. Such actions have caused OKX to delist it long ago due to "unfair distribution."

💡 The delisting by exchanges is not accidental and is usually based on three main reasons:

• Liquidity exhaustion: These tokens have extremely low average daily trading volumes, and the maintenance costs for exchanges exceed the revenue.

• Compliance risks: Some tokens may violate regulatory terms, and exchanges want to avoid being implicated.

• Loss of control by the project party: Team's funding chain breaks, developers go missing, or malicious operations occur.

📌 Advice for Retail Investors:

• Don't be fooled by glamorous labels like "governance tokens," "RWA," and "modular."

• While mainstream assets may also decline, their resilience is far greater than these small tokens.

• If you hold these tokens, it is advisable to liquidate or transfer them before September 17.

• In the crypto world, nice stories cannot compare to solid fundamentals.

This wave of delisting is not the end, but the beginning of market cleansing. Only assets that shed their bubbles can survive to the next round. Be sure to keep your eyes open and protect your wallet!💪#币圈暴富 $ETH