Tornado Cash Takes a Tumble on the Delisting Rollercoaster

Tornado Cash plummets by 55% following Binance's decision to delist TORN

Tornado Cash plunges 55% due to Binance delisting TORN.

Well, well, well, what a wild ride it has been for Tornado Cash (TORN). This little token took a nose dive on Monday, plummeting a whopping 55% from its lofty heights near $4.00 to a rather pitiful $1.64. Ouch!

Now, before we delve into the juicy details, let’s take a glance at the chain of events that led to this rollercoaster of emotions. Binance, that popular crypto exchange, dropped a bombshell by announcing the delisting of not only TORN but also WTC, PERL, and BTS. It was like a domino effect, causing shockwaves throughout the market.

Ah, Binance, always making waves. Just last week, they reached a staggering $4.3 billion settlement with US authorities. As if that wasn’t enough, their ex-CEO Changpeng Zhao decided it was time for him to step down. Talk about a whirlwind of excitement!

But let’s get back to TORN. This token, which had been enjoying a sweet ride, saw its price take a nosedive in response to Binance’s delisting announcement. It went from nearly $4.00 to a measly $1.70 in just a blink of an eye. Ah, the volatility of the crypto market, always keeping things interesting!

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CoinGecko, our trusty data source, reports that TORN tumbled to lows of $1.64 across various exchanges. It’s like watching a trapeze artist lose their balance and fall into the net below. You go, TORN, you really know how to put on a show!

Now, let’s not forget the other tokens that got caught up in this delisting frenzy. Poor Waltonchain, PERL.eco, and BitShares experienced their own heart-stopping drops. Waltonchain plummeted a staggering 56% to $0.075, PERL.eco slipped 54% to $0.0077, and BitShares went down 47% to $0.0057. Talk about a bumpy ride!

But why the sudden delisting, you ask? Well, Binance has this habit of periodically reviewing the tokens they list to ensure they meet their high standards. When a token no longer cuts it or the industry changes, they whip out their magnifying glass and conduct a thorough review. In this case, they decided to bid adieu to TORN and its delisted counterparts.

Binance made it clear in their announcement that they have their users’ best interests at heart. They believe that by delisting tokens that no longer meet their standards, they can protect everyone involved in this thrilling crypto circus.

So what’s next? The delisting extravaganza is set to take place on December 7, 2023, at 3:00 (UTC). Mark your calendars, folks! It’s a date where multi-colored charts will tremble, and trading pairs will disappear.

Ah, the wild world of crypto. It never fails to surprise us. Just when you think everything is smooth sailing, a stormblows in. But hey, that’s what makes this industry so exciting! So buckle up, my fellow digital asset adventurers, and get ready for the next thrilling twist and turn in this rollercoaster ride!

Now, tell me, have you ever experienced a sharp drop or sudden surge in your crypto investments? Share your stories in the comments below! Let’s laugh and cry together as we navigate this exhilarating world of digital assets.

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