Binance to delist six altcoins on the 26th

Cryptocurrency exchange Binance announced plans to delist six altcoins on the 12th.
On August 26, 2024, at 12:00, PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom
Trading has been suspended for all spot trading pairs and derivatives (margin trading) related to the six products: Network (LOOM), Reef (REEF), and VGX Token (VGX).
Binance is a global exchange, and delisting from there could affect investor confidence in these altcoins and the market’s valuation of them.
After the announcement, the prices of each token plummeted, causing unexpected losses for many investors. Liquidity is expected to decrease and it will be difficult to trade on other exchanges, so attention should be paid to future developments.
According to Binance's delisting guidelines, the company periodically reviews the valuation of listed spot and derivative (margin trading) currency pairs and removes them if liquidity is significantly reduced.
In cases where a company is involved in a transaction, the company may decide to delist the company in order to protect the interests of its customers. Legal/compliance risks (regulatory issues, etc.), project continuity risks (development
These include market risks (such as liquidity and market capitalization), and ethical risks (such as market manipulation and fraud). Binance regularly communicates with listed token project teams.
I strive to keep up with the roadmap and latest developments of the team, as well as response capabilities and security measures in the event of a hacking or other incident.