#altcoins LYN just got another flag. Liquidity drawdown! ⚠️
Traders should not look at the price chart when evaluating LYN. There’s more going on beneath the surface.
The token already has a Binance risk warning. On-chain data suggests that the number of tokens in circulation is higher than what the project promised in its unlock schedule.
Now there's a warning.
🔴 Liquidity drawdown:
📉 This is measured against the peak liquidity recorded over the 24 days, on the Alpha-listed chain.
That kind of drop can lead to volatility. It can also mean worse slippage when trading.. It increases the risk of sharp price drops if selling pressure builds up.
More important: Binance Alpha regularly checks tokens based on several key factors. These include liquidity levels, trading volume, token distribution and overall tokenomics.
Tokens that don’t meet these standards can be removed from the Alpha program.
⚠️ This is not an announcement. Not yet.
If the supply issues and liquidity troubles continue traders should seriously consider the possibility of Binance taking further action.
👀 So would you still trade LYN after seeing these two warning signals?
Would you stay away until the liquidity recovers and the project gets its story straight?
#LYN #cryptotrading #Binance #DelistingNotice
*$LYN · $BTC · $ETH ·
Traders should not look at the price chart when evaluating LYN. There’s more going on beneath the surface.
The token already has a Binance risk warning. On-chain data suggests that the number of tokens in circulation is higher than what the project promised in its unlock schedule.
Now there's a warning.
🔴 Liquidity drawdown:
📉 This is measured against the peak liquidity recorded over the 24 days, on the Alpha-listed chain.
That kind of drop can lead to volatility. It can also mean worse slippage when trading.. It increases the risk of sharp price drops if selling pressure builds up.
More important: Binance Alpha regularly checks tokens based on several key factors. These include liquidity levels, trading volume, token distribution and overall tokenomics.
Tokens that don’t meet these standards can be removed from the Alpha program.
⚠️ This is not an announcement. Not yet.
If the supply issues and liquidity troubles continue traders should seriously consider the possibility of Binance taking further action.
👀 So would you still trade LYN after seeing these two warning signals?
Would you stay away until the liquidity recovers and the project gets its story straight?
#LYN #cryptotrading #Binance #DelistingNotice
*$LYN · $BTC · $ETH ·