Binance adds the monitoring day to move according to the market manufacturer scandal and rebrurch

Binance applied the monitoring day to six additional tokens, especially to the move of Labs movement. The token had previously been involved in a market manufacturer scandal and the project has restarted under a new name since then.

According to a recent message, the crypto exchange has decided to apply the monitoring day to a number of tokens, including the native token movement of movement Labs (movement). This is followed by the latest announcement of the protocol, with which the name of the industry is changed and the co -founder Rushi is removed.

“Token with the monitoring day, compared to other listed tokens, have a particularly higher volatility and risks,” said the exchange in his explanation.

In addition to Move, Binance also has the surveillance day to Stellas Alpha, Hifi Finance's Hifi, Leverfi's Lever, Portal (Portal) and Rei network.

After the announcement, the tokens of Binance listed under the surveillance day are constantly monitored. The exchange will carry out checks of the performance of each token in accordance with its guidelines to determine whether it still justifies the monitoring day.

If tokens continue to have volatility and trade risks or do not meet the listing criteria, there may be the risk of being completely triggered from the platform.

Shortly after Binance's announcement, Move slipped even further down from his continued decline. At the time of the press, the move has dropped by more than 12% in the last 24 hours. Compared to the time of the protocol, the token still terminated a decrease of 10% at $ 0.16. The token currently acts with $ 0.15. Last month it dropped by almost 50%after the market maker scandal of the network at the beginning of this month.

Other token mentioned such as Rei, Alpha and Portal also recorded declines shortly after Binance. Alpha fell back by more than 5%, sank up to 12.5%, while portal suffered the worst case with a decline of 17.1%.

On the other hand, HiFi and Lever have been able to maintain low growth in 4.4% and 12.8% in the last 24 hours.

In addition to warning with a higher trade risk, a monitoring day on a token means that Binance users have to take part in a quiz every 90 days in Binance Spot and Binance Margin platforms to exchange the tokens. Users must also regularly accept the use conditions of the platform.