Binance Delists 17 Liquidity Pools from Liquid Swap
Binance, the largest cryptocurrency exchange, has announced the delisting of 17 liquidity pools from its Liquid Swap platform. This move aims to improve transaction prices and reduce slippage for users. The delisted trading pairs include well-known assets such as ADA/BUSD, BTC/BUSD, DOGE/BUSD, and SHIB/BUSD. However, it’s important to note that this delisting does not affect trading on Binance Spot.
Positive Price Performances of Dogecoin and Shiba Inu
Despite being affected by the delistings, Dogecoin (DOGE) and Shiba Inu (SHIB) have shown strong price performances. DOGE is up by 3% in the past 24 hours, while SHIB has spiked by 4%. These increases may be attributed to the overall market revival, with Bitcoin surpassing $30K for the first time since August and Solana (SOL) experiencing a 12% surge.
BitMEX Delists Floki Inu Pairs
BitMEX has also delisted several trading pairs, including FLOKI/USD and FLOKI/USDT perpetual swap contracts. Despite this delisting, Floki Inu (FLOKI) has performed well recently, rising approximately 18% in the last 30 days and around 130% since the beginning of the year.
Hot Take: Delistings Fail to Dampen Memecoin Prices
The delistings by Binance and BitMEX have not had a significant negative impact on the prices of memecoins such as Dogecoin, Shiba Inu, and Floki Inu. These assets have continued to show strength and upward trends, likely influenced by the overall positive sentiment in the crypto market. Despite the removal of trading pairs from these platforms, investors remain optimistic about the potential of these memecoins.
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