Binance’s routine delisting: Binance will remove Bluzelle and WazirX tokens as part of its standard procedures. This decision follows the exchange’s commitment to maintain HIGH operational standards, leading to the exclusion of tokens that do not comply.
Market impact on BLZ: After Binance’s announcement, Bluzelle (BLZ) saw a drastic decline of approximately 45% following a 38% drop on December 9. Previously, BLZ shot up by 140% in November, highlighting the severe impact of Binance’s decision.
Challenges for WazirX: WazirX (WRX) is also suffering due to the delisting. The cessation of trading pairs such as BLZ/BTC and WRX/USDT marks a troubling time for these tokens, complicating their market position.