Binance dey remove NKN/BTC and STX/BNB spot pairs for Aug 8, 2024
Binance go stop make NKN/BTC and STX/BNB spot trade dem on August 8, 2024 by 03:00 UTC. Dis delisting na na follow their normal check-up process, fit be say volume no too high, project no too perform well, or compliance wahala. Traders make sure say dem cancel open order dem and change NKN or STX to other pairs or carry dem go external wallet before time finish. After deadline, trade and withdrawal for these pairs go stop, e fit make asset lock-up wahala. Delisting fit cause short-term sell pressure on NKN and STX and reduce liquidity. Arrange your position, diversify your holdings and dey watch official Binance channels for update.
Bearish
Dem lisin for NKN/BTC and STX/BNB go reduce liquidity for NKN and STX. Traders gats sell or move their assets, wey go trigger short-term selling pressure. Trading and withdrawal suspension fit cause asset lock-up, wey fit bring negative sentiment. For long run, removal from top exchange fit stop new money come and make price recovery hard. So, this delisting dey bring bearish outlook for NKN and STX.