Eleven days ago Binance put the Monitoring Tag on $BICO and $CVC . I waited before writing about it, because the first week after a tag is noise. Here is what the second week looks like.
First, what the tag actually is. Binance introduced it in July 2023 for tokens that "exhibit notably higher volatility and risks". Practically it means two things: you pass a quiz before you can trade them, and you repeat it every 90 days. Binance then runs "periodic project reviews" against its usual list: team commitment, development activity, volume and liquidity. Nothing in that notice says delisting.
But I read the EPIC and QUICK delisting notice from 14 Oct, and the review criteria there are word for word the same list. So the tag is not a verdict. It is the same exam, taken in public.
How the market graded it so far: BICO is -23% over 30 days and CVC -16%, against BTC +2% (CoinMarketCap, 20 Oct, 18:06 UTC). The last 7 days were calmer, -6% and -8%. Both are small, around $16M and $22M in market cap, with the full 1 billion supply already out. There is no unlock to blame for the drop, so the tag is the only dated event on the chart.
The thing I'd actually watch is volume, not price. The quiz removes casual buyers, and thin volume is on the review list. A token can fail that test quietly.
My view: this is not a setup. It is a token on probation with no date for the next hearing. If the tag comes off at a review, that is a different post.
When Binance says "review", do you hear a warning or a countdown?
#BICO #CVC #Binance
First, what the tag actually is. Binance introduced it in July 2023 for tokens that "exhibit notably higher volatility and risks". Practically it means two things: you pass a quiz before you can trade them, and you repeat it every 90 days. Binance then runs "periodic project reviews" against its usual list: team commitment, development activity, volume and liquidity. Nothing in that notice says delisting.
But I read the EPIC and QUICK delisting notice from 14 Oct, and the review criteria there are word for word the same list. So the tag is not a verdict. It is the same exam, taken in public.
How the market graded it so far: BICO is -23% over 30 days and CVC -16%, against BTC +2% (CoinMarketCap, 20 Oct, 18:06 UTC). The last 7 days were calmer, -6% and -8%. Both are small, around $16M and $22M in market cap, with the full 1 billion supply already out. There is no unlock to blame for the drop, so the tag is the only dated event on the chart.
The thing I'd actually watch is volume, not price. The quiz removes casual buyers, and thin volume is on the review list. A token can fail that test quietly.
My view: this is not a setup. It is a token on probation with no date for the next hearing. If the tag comes off at a review, that is a different post.
When Binance says "review", do you hear a warning or a countdown?
#BICO #CVC #Binance