Oh my God, your Token has been delisted. See Why?
Binance has announced the delisting of NEM (XEM), omg Network (OMG), Waves ($WAVES ), and $WXNM.
It will start from June 18, 2024 and will no longer accept deposits of those tokens. For withdrawals, it will remain available until September 17, 2024
Being listed on a major cryptocurrency exchange like Binance is considered a great blessing, but being delisted by Binance will definitely cause the value to drop quickly.
And there is little chance it will bounce back.
Why did Binance delist those four tokens?
The main reasons are: lack of transaction volume, quality or commitment to the project, network stability and others.
But usually there are some other things like communication from the developer that can be the main cause of all this.
$OMG : The original pool has moved, making it 100% managed by token holders. (Abandoned if not something good for the holder)
$WAVES reason for delisting due to token not meeting “high industry and standard requirements”
$WXNM has been on the tracking tag since April 3, 2024 but even so, the price of Wrapped XNM since April has been trading around 66 USDT and the current price is 80 USDT. It actually hasn't dropped since 2 months ago since Binance Team made the announcement about the custodian tag. It is unclear why Binance wants to remove this token from its platform
$XEM is the OG token from 2017 and was the top token traded at that time. Data from Coinmarket shows that it is actually traded mainly at the Upbit exchange (the largest Korean cryptocurrency exchange in South Korea)
On NEMOfficial X's account, it seems like they locked the comments section so no one can post comments. That means the SEE groups are not open to its holders