Serum (SRM), Sonm (SNM) and DFI.money (YFII) have all suffered double-digit losses in the crypto market today. Binance has announced that it will delist and cease trading on all trading pairs for these tokens from August 22nd.
The delisting is part of their period review of digital assets and takes into account team commitment, development activity, trading volume and liquidity, and network safety with regard to attacks.
Sonm (SNM) has seen the biggest losses in the past 24 hours, trading 58% lower at $0.105392. SRM has dropped 29% to $0.05 and is down 99.6% from its all-time high of $13 from September 2021. YFII has declined 16%, trading around $605, and is 93% lower than its ATH of $9,251 in September 2020.
These losses come as most of the top 20 assets by market cap remain flat, with Bitcoin below $30k and Ethereum unable to breach $1,900.