Binance announced that it will add watch tags to eleven crypto tokens on July 1. BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT, and SUN likely have higher volatility and risks than other tokens. Binance’s native token BNB held steady at around $585 on Monday, most of the SEC lawsuits against the exchange remain. The exchange listed the tokens in an official announcement and attached a watch tag to these assets on July 1.
Binance informs users that tokens with a monitoring tag no longer meet the listing requirements and are, therefore, at risk of being delisted at any time. Binance announcement on July 1 The exchange reviews the token team’s commitment, level and quality of development activity, trade volume and liquidity, stability and safety from attacks, smart contract/ network stability, among other factors, when determining whether the project is worth trading on the exchange platform.