3 Altcoins on Thin Ice with Binance

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Well, shucks, folks! It seems like BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) are in a bit of a pickle 🤔. Binance has slapped a Monitoring Tag on ’em, and that’s got everyone in a tizzy.

Now, I know what you’re thinkin’, “What in tarnation is a Monitoring Tag?” 🤷‍♂️ Well, let me tell you, it’s like a big ol’ warning sign that says, “Hey, these tokens might be a mite too volatile for our taste.” And if they don’t shape up, they might just get delisted from the largest cryptocurrency exchange 🚫.

The Lowdown on Binance’s Monitoring Tag

It seems that Binance takes a gander at these tokens every now and then, and if they don’t meet their fancy criteria, they get the old heave-ho 👋. They’re lookin’ at things like team commitment, development activity, liquidity, network stability, community engagement, and all that jazz 🎶.

“Based on recent reviews, Binance will extend the Monitoring Tag to include more tokens on 2025-07-07. The tokens to be added to the Monitoring Tag list are: BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF),” said the powers that be at Binance 📣.

Now, don’t you go thinkin’ that just ’cause a token’s got a Monitoring Tag, it’s automatically doomed 🚫. Nope, it’s more like a big ol’ caution flag 🚨, sayin’ “Hey, we’re keepin’ an eye on you, pal!” 👀.

“These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” said Binance, waggin’ their finger 👊.

And if you’re thinkin’ about tradin’ these tokens, well, you’d best be ready to jump through some hoops 🤹‍♀️. You’ll have to take a quiz every 90 days, and agree to Binance’s Terms of Use, or else you’ll be out of luck 🤦‍♂️.

As you might expect, the prices of these tokens took a bit of a tumble 📉. BAKE dropped 5.58%, IDEX fell 3.45%, and SLF, which recently got a new contract, slipped 3.29% 📊.

Now, I know some folks might be thinkin’, “Aww, shucks! These tokens were already headed downhill!” 🤦‍♂️ And they’d be right, by gum! BAKE had already fallen 66.4% in the past month, SLF was down 54.9%, and IDEX had dropped 25.1% 📉.

So, what’s next for these three tokens? Well, if Binance gives ’em the boot, they might just find themselves in a world of hurt 🌪️. But hey, that’s just the way the cookie crumbles, folks 🍪.

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2025-07-07 09:16