Balancer (BAL) falls 30% on Bithumb following Binance delisting news

Son Min

Summary

Following Binance's announcement of the delisting of 14 cryptocurrencies, including Balancer (BAL), it was reported that the price of Balancer fell by about 30% on Bithumb.
During the same period, the price of Balancer also fell by about 23% on Coinone, and it is interpreted that investor sentiment has turned to selling due to this delisting announcement.
The price of Balancer on Binance's USDT market also fell by about 23.65% from the previous day, continuing the sharp decline.

Global cryptocurrency exchange Binance announced the delisting of 14 cryptocurrencies, including Balancer (BAL), causing the price of Balancer listed on domestic exchanges Bithumb and Coinone to plummet.

As of 4:14 PM (local time) on the 8th, Balancer is trading at 1,130 KRW on Bithumb's KRW market, down 29.94% from the previous day. During the same period, it also fell about 23% on Coinone. It is interpreted that investor sentiment has turned to selling as Binance announced the delisting of Balancer.

Previously, Binance announced that it would delist 14 cryptocurrencies, including Balancer, at 12:00 PM (KST) on the 16th. As of 4:13 PM, Balancer is trading at $0.752 on Binance's USDT market, down 23.65% from 24 hours ago.

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