Binance, in an almost orchestral move, has performed a slight tweak to its risk tags. Enter stage left: Wanchain (WAN), now proudly bearing the Monitoring Tag. A few others, after passing a performance review, have stepped out of the spotlight, removed from both Monitoring and Seed Tags. These changes, effective October 9, sang a siren song of potential future delistings, much to the dismay of WAN, which waltzed down a 34% dive in price. Quite the dip, wouldn’t you agree?
These adjustments paint the exchange’s ongoing efforts to protect its customers and maintain transparency like a meticulously penned sonnet of caution. While some tokens are now under closer scrutiny-an unenviable spotlight, it must be said-others have maintained their stability and passed their recent risk reviews with such distinction that they’ve been promoted back to grace. Miracle of miracles!
WAN Token Dances into New Record Low After Binance’s Latest Music
In its latest overture, Binance announced to the world that it has deemed it necessary to extend the Monitoring Tag to the WAN token, that maverick of the Wanchain blockchain. This token, which has the noble mission of facilitating cross-chain transactions and enhancing interoperability among disparate blockchain networks, has perhaps seen a bit too much interaction for its own good.
“Binance will extend the monitoring tag to include WAN, removing the monitoring tag for GPS & MBL, and removing the seed tag for BERA, BIO, ZK & ZRO,” Binance chimed in on its latest broadcast. And so the story goes.
Following the announcement, the token’s price took a graceful 34% dip, slipping from its previous day’s attire of around $0.10 to an all-time low ensemble of $0.06. However, akin to the phoenix of yore, the altcoin managed to tenderly curl up its wings to recover slightly. At our humble storyteller’s recording, it traded at $0.87, down 14.7% since the announcement. Such fluctuations; they make for quite the drama.
Not all received unforgiving verdicts; GPS of GoPlus Security and MBL of MovieBloc found themselves relieved of their Monitoring Tag, while BERA of Berachain, BIO of BIO Protocol, ZK of ZKsync, and ZRO of LayerZero had their Seed Tags rescinded. Such melodrama!
What’s All This Fuss About Binance Monitoring and Seed Tags?
For those unacquainted, Binance employs these cryptic tags much like badges of behavioral caution. The Monitoring Tag is donned by cryptocurrencies akin to volatile spirits prone to indulge in spontaneous emotion,” much like actors at the curtain call. They remain available for trade yet warrant frequent reviews that could result in a most unpleasant delisting.
The Seed Tag adorns the newer, less-proven projects, these fledgling players in the market that carry an element of risk akin to that of a debutante’s first dance, with limited products or user adoption. And so, like breadcrumbs, these tags are visible alerts, subtly signaling to traders to tread lightly amid the ballet of commerce.
For tokens to be included in these illustrious lists, they must pirouette through strict criteria assessing development activity, liquidity, security, and regulatory status. Being flagged thus, traders are shown a light, a quiet nudge to proceed with heightened awareness.
In addition, Binance tends to its users’ education every 90 days, requiring them to engage in quizzes, ensuring that the audience remains aware of potential plot twists before trading. “These quizzes,” Binance puts forth, “are designed to ensure that all our patrons understand the inherent risks of the narratives they wish to be part of.”
The lists, much like a carefully curated orchard, are surveyed regularly on parameters such as team dedication, liquidity plenitude, the strength of its community, code integrity, and their professors of keenness to engage with due diligence. Removal of these tags generally points towards a narrative of redeemed fundamentals or minor issues neatly resolved. Quite the plot twist!
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2025-10-09 07:37