Binance released an announcement stating it will delist FET, stirring FUD among holders. FET experienced a heavy price drop following the announcement, with crypto community members criticizing Binance. FET is down 8% following the announcement. Fetch.ai suffered a sharp decline earlier on Monday after the crypto exchange Binance sparked FUD with a misinterpreted announcement that it would delist FET.
, and AGIX after the token merger date was moved from June 13 to July 15. Binance also revealed its plans for the ASI token trade from July 5. In response to the FUD, larger investors took advantage of the situation by buying the dip in FET's price, causing a slight recovery in the token's value. This has put Binance under scrutiny, raising questions about the exchange's communication strategies and decision-making that have impacted the FET market.
is currently trading at $0.57, with AGIX trading at $0.56, each showing an 8% decline at the time of writing.
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