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Binance Will Delist XMR on 2024-February-20
(monero.town)
**Binance Will Delist ANT, MULTI, VAI, XMR on 2024-02-20**
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.
Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following token(s) at 2024-02-20 03:00 (UTC):
Aragon (ANT)
Multichain (MULTI)
Vai (VAI)
Monero (XMR)
Please note:
The exact trading pairs being removed are: ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, XMR/USDT
All trade orders will be automatically removed after trading ceases in each respective trading pair.
To view your assets after trading ceases, please ensure you have not selected “Hide Small Balances” in all of your wallets.
Deposits of these token(s) after 2024-02-21 03:00 (UTC) will not be credited to your account.
Withdrawals of these token(s) from Binance will not be supported after 2024-05-20 03:00 (UTC).
binance is not allowing withdraws?
edit
If I am correct, Binance entered into short contracts, sold their XMR reserves ~@170, then released the BIG NEWS and now buying XMR back ~@130. This is - of course - a scam. Because they knew in advance when they will release the news and guarantee the drop.
Anyways, these financial acrobatics are short lived, so don't worry.
/EDIT/
In the past four years -3.1 standard deviations (FTX debacle) was the lowest value of the daily probability distribution for XMR. This time it is -4 stds, an order of magnitude lower.
Heuristics reveal that the delisting in itself (which was expected) is not a sufficient explanation for the magnitude of the panic. Given the track record, analysis and parallels to past financial attacks, a short wave based on a shark mentality of many players is likely.
Do you have any proof whatsoever they shorted Monero?
This may be permanent, and I hope it is. 😆