Helium Plunges 23% After Binance Delisting, Solana Delay
Crypto wireless network Helium’s native HNT token dropped by more than 23% on news Friday that Binance plans to delist it from its exchange. The world’s biggest crypto exchange Binance said in an announcement that effective March 23, users would not be able to trade the token. HNT was trading as low as $1.52 at one point Friday, according to CoinGecko.
Earlier this week, Binance.US—a sister company that is run independently from Binance and caters to American customers—also said it would delist HNT. The Binance delisting of HNT is unfortunate,” the governing body behind the network said via Twitter, adding that holders of the token should consider moving to the self-custodial Helium Wallet app or an “exchange that has confirmed migration support. The delisting of HNT comes just one month before the Helium blockchain was scheduled to merge with Solana. Yesterday, an announcement revealed that Helium Network stakeholders.
Source
@CryptoWorldAnalysis
