🚨 SOPH WARNING SCENARIO — UPBIT SUSPENDS 7 USDC PAIRS ON BINANCE
Upbit has just placed SOPH under a trading warning status and paused deposits on the KRW, BTC and USDT markets.
The exchange said the reason is related to issues with information disclosure and changes to the token distribution plan. The assessment period will last until mid-October, and SOPH may be delisted if the issues are not resolved.
Meanwhile, Binance will stop trading 7 USDC pairs—AIXBT, DOLO, ENJ, HUMA, SXT, TNSR, and TURTLE—at 03:00 UTC on September 25. Binance stated that the review is related to factors such as low liquidity and trading volume.
Note: this is a removal of trading pairs, not a complete delisting of the 7 tokens from Binance. The tokens may still be tradable through other pairs if they remain supported.
Personal view:
These two moves show that liquidity and transparency level remain very important factors for altcoins.
For SOPH, the bigger risk lies in Upbit’s assessment results in the coming period. As for the 7 tokens on Binance, losing a USDC pair may affect liquidity in each market, but it cannot be considered a signal that the entire tokens will be delisted.
👇 HOT COINS TRADING HERE 👇
$KERNEL
$FORM
$SOPH
Upbit has just placed SOPH under a trading warning status and paused deposits on the KRW, BTC and USDT markets.
The exchange said the reason is related to issues with information disclosure and changes to the token distribution plan. The assessment period will last until mid-October, and SOPH may be delisted if the issues are not resolved.
Meanwhile, Binance will stop trading 7 USDC pairs—AIXBT, DOLO, ENJ, HUMA, SXT, TNSR, and TURTLE—at 03:00 UTC on September 25. Binance stated that the review is related to factors such as low liquidity and trading volume.
Note: this is a removal of trading pairs, not a complete delisting of the 7 tokens from Binance. The tokens may still be tradable through other pairs if they remain supported.
Personal view:
These two moves show that liquidity and transparency level remain very important factors for altcoins.
For SOPH, the bigger risk lies in Upbit’s assessment results in the coming period. As for the 7 tokens on Binance, losing a USDC pair may affect liquidity in each market, but it cannot be considered a signal that the entire tokens will be delisted.
👇 HOT COINS TRADING HERE 👇
$KERNEL
$FORM
$SOPH
