$RVN RVN fell 23% in just three days.
Its price dropped from $0.0022 to around $0.00169.
I looked into the latest news, and RVN is facing much more serious problems than a typical altcoin pullback.
On October 12, a South Korean exchange officially halted RVN trading across three pairs: KRW, BTC, and USDT.
Before that, Bg had already delisted RVN/USDT on September 24, and Binance also announced it would stop supporting RVN trading in Brazil.
Earlier, Ravencoin also faced the risk of a chain reorganization due to a vulnerability in its consensus mechanism, prompting some exchanges to temporarily suspend deposits and withdrawals.
Losing trading channels one after another in such a short period, on top of the previous security incident, has naturally shaken market confidence.
I’m not in a hurry to buy the dip for now. The loss of liquidity caused by exchange delistings can’t be quickly reversed just because the price has fallen far enough.
Its price dropped from $0.0022 to around $0.00169.
I looked into the latest news, and RVN is facing much more serious problems than a typical altcoin pullback.
On October 12, a South Korean exchange officially halted RVN trading across three pairs: KRW, BTC, and USDT.
Before that, Bg had already delisted RVN/USDT on September 24, and Binance also announced it would stop supporting RVN trading in Brazil.
Earlier, Ravencoin also faced the risk of a chain reorganization due to a vulnerability in its consensus mechanism, prompting some exchanges to temporarily suspend deposits and withdrawals.
Losing trading channels one after another in such a short period, on top of the previous security incident, has naturally shaken market confidence.
I’m not in a hurry to buy the dip for now. The loss of liquidity caused by exchange delistings can’t be quickly reversed just because the price has fallen far enough.