Binance To Delist Shiba Inu, Chainlink, Memecoin, & 4 Other Crypto Pairs Today

Varinder Singh
June 26, 2024 Updated June 28, 2024
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Just-In: Binance To Delist Shiba Inu, Chainlink, Memecoin, & 4 Other Crypto, Prices To Dip?

Highlights

  • Binance announces delisting and ceasing of some spot trading pairs.
  • Binance to delist some key trading pairs for Shiba Inu, Chainlink, Blur, Memecoin, Metis, NFPrompt, and Osmosis.
  • SHIB, LINK, MEME prices risks falling later this week.

The world’s largest crypto exchange Binance said it will delist and cease spot trading pairs for some crypto. Shiba Inu (SHIB), Chainlink (LINK), Blur, Memecoin (MEME), Metis, NFPrompt (NFP), and Osmosis (OSMO) are the cryptocurrencies impacted by Binance’s announcement.

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Crypto Exchange Binance To Delist Key Pairs for SHIB, LINK, Others

Binance reveals spot trading pairs for crypto it has decided to delist and cease, according to an official announcement by the crypto exchange on June 26. The exchange will remove and cease trading for these spot trading pairs on June 28 at 03:00 UTC.

The crypto exchange is delisting TUSD pairs for two top crypto Shiba Inu (SHIB) and Chainlink as SHIB/TUSD and LINK/TUSD gradually lose trading volumes as Binance reduces support for TUSD stablecoin due to several issues. Other high-volume trading pairs with USDT, TRY, and FDUSD will continue to exist.

Binance will also delist and cease trading for BLUR/FDUSD, MEME/ETH, METIS/FDUSD, NFP/BNB, and OSMO/BTC, pairs on June 28.

“To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs,” said Binance. “The exchange delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume,” it added.

Moreover, Binance will also cease Spot Trading Bots services for the above-mentioned spot trading pairs immediately after the delisting.

Also Read: Ripple Vs SEC News — Ripple President Clears the Air on Lawsuit and XRP ETF

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Shiba Inu, Chainlink Prices To Fall?

Binance has a 48% market share in the global crypto market and delisting announcements impacted crypto price movements historically. Traders are likely to remain cautious as the PCE inflation data and monthly options expiry are also due Friday.

SHIB price jumped 3% in the past 24 hours, but pared some gains over the hours. Shiba Inu price currently changing hands at $0.00001755, with a 24-hour low and high of $0.0000171 and $0.00001818, respectively. Furthermore, the trading volume has declined by 8% in the last 24 hours.

LINK price also climbed 1% and pared gains. It currently trades near $14.10, with a 24-hour high of $14.27. Moreover, the trading volume has dropped by 46% in the last 24 hours.

Meanwhile, MEME price is trading at $0.01997, up 1.43% in the last 24 hours. Trading volume for Memecoin has also dropped in the past 24 hours.

Also Read: Ethereum ETF To Attract Only 15% Of US Spot Bitcoin ETF Influx: 10X Research

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.