Context:
Binance is the most important platform of Cryptos Exchange in terms of volume trading, its citations (commonly called “extracts”) or its withdrawals from crypto tokens, often rain and good weather.
PDA, Wing and VIB have seen a significant decline in their value after the announcement of Deslic de Binance. However, Alpaka questioned this trend by a significant increase despite its immediate download from the platform.
Binance announces Deslating of Alpaca, PDA, Wing and Vib
According to the official announcement, the elimination will enter into force on 2 May at 5 am (Paris Time). After 3 May, users will no longer be able to store these tokens on binance.
In addition, after 4 July will be possible withdrawals. Finally, the positions open in the future (or term contractual contracts) binance associated with these chips will be concluded by April 30.
This withdrawal decision is part of the process of regular binance revision, which evaluates crypto chips according to factors such as volume, liquidity, project team activities or even compliance with regulatory requirements. The platform stated that these chips did not meet the required criteria, which led to their elimination.
“If the part or token does not meet these standards or develops industrial landscape, we perform more research and can potentially remove it from our list. Our priority is to provide the best services and protection to our users while continuing to adapt to the dynamics of the developing market,” Binance said.
This decision will decrease shortly after the second phase of the “Voting” campaign in Binance. During this campaign, 8.2 % of the total votes were in favor of the PDA withdrawal, while Alpaca followed 6.3 % of the votes and wings collected 3.8 %. However, the VIB was not included between 17 chips subject to the community vote.
It is interesting to note that although Token FTX (FTT) was at the peak of a vote with 11.1 %, Binance ruled it from its last list of chips, which was to be removed from the platform.
Increasing alpaca after withdrawal from binance arouses concern
After this report, PDA, Wing and VIB fell considerably. Data Beincrypto showed that Wing has seen the highest decline. Token lost 31.8 % of its value. VIB followed with a drop of 29.7 %. In addition, the PDA value decreased by 17.0 %.
Shortly after the announcement, however, the price of the Alpaca jumped by 71.3 %. In addition, its volume of transactions increased by 417.2 %. This increase was not typical of the token to be withdrawn, which aroused fears.
The download announcement usually causes a significant price drop, as observed in previous cases.
He emphasized the unusual reaction of the Alpaca, which he described as potentially manipulated.
“Alpaca showed huge pressure after a big fall. (Course) has increased by more than 100 % with liquidated some large dealers; strong manipulation”, can be read in the post.
The analyst also advised users to remain careful and avoid to fall into potential frauds of “output fraud” where prices are artificially inflated in favor of manipulators at the expense of uninformed investors.
Morality History: When binance dualiste, some of the cryptos fit.
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