Binance Adds Monitoring Tags to 6 Virtual Assets Including Movement (MOVE)

Son Min

Summary

Binance announced that it has added six virtual assets, including Movement (MOVE), to its monitoring tag list.
Tokens with monitoring tags are reported to have high volatility and risk, with the possibility of being delisted.
Movement plummeted by about 9% following the related news.

Global cryptocurrency exchange Binance has added six virtual assets, including Movement (MOVE), to its monitoring tag list.

On the 7th (local time), Binance announced on its official website, "We are adding Movement, Stella (ALPHA), Hifi Finance (HIFI), LeverFi (LEVER), Portal (PORTAL), and REI Network (REI) to the monitoring tag list," stating, "Tokens with monitoring tags may be subject to delisting."

It further added, "These tokens have significantly higher volatility and risk compared to other listed tokens," and "They will be closely monitored and regularly reviewed in the future."

Meanwhile, upon this news, Movement plummeted by approximately 9%.