- Binance introduced suspension of USDT and USDC (SOL) until additional discover; OKX adopted swimsuit
- Quite the opposite, Kraken introduced help for the tokens
In accordance with statements launched by OKX, Binance, and ByBit, some Solana blockchain tokens could also be delisted. No justifications had been supplied for this transfer and no point out of re-listing them was made both. Now, whereas Binance claimed that it was non permanent, it didn’t point out when it might resume.
Learn Solana (SOL) Value Prediction for 2022-2023
OKX delists, Binance suspends…
Binance said that it has briefly suspended the deposits of USDT (SOL) and USDC (SOL). This data was contained in a notification printed on its official web site on 17 November. There was not a lot data supplied, and it was not talked about whether or not the identical applies to withdrawals of the identical tokens from the Solana blockchain.
OKX, one other widespread cryptocurrency change, additionally published a press release asserting that it was delisting USDT (SOL) and USDC (SOL). The platform would now not help the deposit and withdrawal of those tokens, the change added. The positioning’s official press launch said that the delisting went into impact at 3 AM UTC on the seventeenth.
A latest assertion from the Solana Basis tried to make clear the extent to which Solana was uncovered to FTX. Largely, as a result of funding by Alameda and the next buy by FTX and Alameda, Solana has been introduced up in the identical breath as FTX. This has led others to ponder what the longer term holds for the blockchain. Nothing particular to SOL was mentioned, though latest exercise in these markets may trigger worry, uncertainty, and doubt (FUD).
SOL retains dipping
When the worth of SOL was examined over the each day timeframe, it was clear that the asset was transferring in highs and lows. The crypto-asset was down greater than 5%, on the time of writing, and gave the impression to be falling even additional. Above the worth motion of SOL, the quick Shifting Common (proven by the yellow line) and the lengthy Shifting Common (represented by the blue line) had been seen. The MAs’ place revealed the sluggish worth motion that SOL has been recording these days.
Supply: SOL/USD, TradingView
SOL was within the overbought zone, as indicated by the Relative Energy Index indicator. The RSI line was famous to be beneath 30 – An indication that the token has been transferring negatively. In truth, because the starting of its stoop, the crypto-asset’s worth has depreciated by over 60%.
Lifeline?
In latest months, Solana has appeared to take a beating, and it’s nonetheless unclear what the end result shall be. Nonetheless, one cryptocurrency change gave the impression to be bucking the pattern by asserting the withdrawal and deposit of USDC (SOL) and USDT (SOL).
On 17 November, Kraken announced that it’s supporting the tokens on its platform. For homeowners of the tokens and the Solana ecosystem, this will likely come as a aid.
