Key Points
- Binance announced it will delist IDRT, KP3R, OOKI, and UNFI on November 6.
- The tokens recorded price drops between 12% and 30% following the exchange’s announcement.
Binance announced the delisting of new coins on November 6, including IDRT, KP3R, OOKI, and UNFI.
Following Binance’s announcement, the coins experienced price drops.
IDRT, KP3R, OOKI, and UNFI Record Price Drops
Rupiah Token (IDRT)
Rupiah Token (IDRT) is a stablecoin that’s pegged at a 1:1 ratio to the Rupiah.
Keep3rV1 (KP3R)
Keep3rV1 (KP3R) recorded a more significant price drop since Binance announced its upcoming delisting. The coin is trading at $47.33, down by over 12% in the past 24 hours.
Earlier, the token was trading close to $54, ahead of the exchange’s announcement.
Keep3rV1 (KP3R) is a decentralized platform that facilitates the coordination between projects that need to source outside development operations and the ones that can provide the required services. The project uses an ERC-20 token, KP3R, for governance and rewards.
Ooki Protocol (OOKI)
Ooki Protocol (OOKI) saw a notable price drop of over 30% today, following Binance’s announcement.
During the past seven days, the token had a rather linear trajectory with prices between $0.0013 and $0.0014. At the moment of writing this article, the coin is trading around $0.009 levels.
Ooki is a project led by the community that leverages the power of DAO to ensure all protocol developments are aligned with user interests and the DeFi landscape.
Unifi Protocol DAO (UNFI)
Unifi Protocol DAO (UNFI) also saw a price drop of over 30% today, after the announcement of its upcoming delisting. The coin’s price dropped from around $2.67 to the current price of $1.93.
During the past week, the coin’s price traded around the $2.7 level, reaching highs close to $3 on October 17 and October 21.
Unifi Protocol uses a stablecoin as its gas token to remove transaction volatility and inflation. The project aimed to create a new type of blockchain, built on the principle of economic sustainability.
Binance conducts periodical reviews of the listed coins to make sure that they meet a high standard and industry requirements.
When a token no longer meets the necessary standards if there are changes in the industry landscape, a more in-depth review is conducted, which might be followed by a delisting to maintain the best services and protection for users.
