In a new delist announcement, Huobi reported that it will remove 5 cryptocurrencies from its platform due to insufficient trading volume.
Huobi delists these 5 cryptocurrencies
According to the official announcement dated April 23, Huobi will delist the following coins as they cannot meet the liquidity needed by the exchange. Transactions close on April 26 at 11:00 am. Users are advised to close their open positions before this date.
- Atlas DEX (ATS)
- MM Finance (MMF)
- PolySwarm (NCT)
- Realms Of Ethernity (RETH)
- Wonderman Nation (WNDR)
According to the official announcement, investors of ATS, MMF, NCT and RETH must follow the instructions below until April 26.
- Deposit service for ATS, MMF, NCT, RETH and WNDR will be closed when they are delisted, but the withdrawal service will remain available.
- Please cancel any open ATS, MMF, NCT, RETH and WNDR orders in a timely manner.
- Any open orders for ATS, MMF, NCT, RETH and WNDR will be automatically canceled and credited to your respective Spot account upon delisting.
- If you cannot see your ATS, MMF, NCT, RETH and WNDR balances, please uncheck the “Hide small balances” option in your Spot account.
Why were ATS, MMF, NCT and RETH delisted?
The sudden delisting of 5 cryptocurrencies took place within the scope of Article 17(2) of the exchange’s Token Management Rules. This article contains the following text regarding the decision:
If the average daily token trading turnover of the project team over the last 30 days is less than $50,000 or equivalent.
How have altcoin prices reacted?
Atlas DEX (ATS) price is down more than 5% over the last 24 hours. The downward momentum has been continuing since 17 April.
MM Finance (MMF) price is currently moving sideways. The altcoin lost double-digit value at one point compared to last week. It is trading at $0.008154 at the time of writing.
The biggest loss was observed in the daily chart of Realms Of Ethernity (RETH). RETH, which has a fairly low trading volume, is trading with an intraday drop of 17% at the time of writing. The delisted PolySwarm (NCT) and Wonderman Nation (WNDR) continue their sideways movement without seeing a major drop.
How is the cryptocurrency market?
cryptocoin.com As we have reported, the BTC and altcoin market has declined throughout the week. Alongside the downward price movements, Trust Wallet’s newly identified vulnerability is making the headlines.
A vulnerability affecting wallet addresses generated via the browser extension between November 14 and 23 resulted in approximately $170,000 in losses. You can find out if you are in danger from the instructions in this article.
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