Binance Evaluation Sparks Panic: Will These Tokens Survive the Strict Review Process?
The value of BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) dropped after Binance revealed that it had expanded its Monitoring Tag to encompass these three tokens. If the tokens do not meet the strict requirements of the platform, they may be delisted from the largest cryptocurrency exchange.
Monday’s announcement came after Binance’s regular evaluation of the tokens. Team dedication, development activity, liquidity, network stability, community involvement, and other variables are all taken into consideration while making the decision.
Based on recent reviews, Binance will extend the Monitoring Tag to include more tokens on 2025-07-07. The tokens to be added to the Monitoring Tag list are: BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF),
the announcement
Binance Adds New Rules for Trading BAKE, IDEX, SLF Amid Delisting Risks
To put it in perspective, tokens that exhibit noticeably greater volatility and dangers than other listed tokens are identified using Binance’s Monitoring Tag. A token is not always delisted only because it is added to the Monitoring Tag list. It does, however, act as a warning sign that the token might be taken down from the platform.
Furthermore, there are now extra conditions for individuals who wish to trade these three tokens. In particular, before trading BAKE, IDEX, or SLF, they have to acknowledge the platform’s Terms of Use and finish a quiz on the Binance Spot and/or Binance Margin platforms every ninety days. By taking this step, users are guaranteed to be fully aware of the possible dangers associated with trading these tokens.
These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,
the Exchange
Altcoins Under Pressure: BAKE, IDEX, SLF Face Steep Losses Amid Delisting Fears
Market data showed that the price of all three affected tokens declined in the meantime, indicating the possible repercussions of the Monitoring Tag for altcoins. BAKE’s price dropped by 5.73%. The IDEX fell by 6.28%. Likewise, SLF, which just switched to a new contract, experienced a 5.97% decline.
The declines are not wholly unexpected, it should be noted. Prior to the Monitoring Tag revelation, all three tokens were already on a downward trajectory. BAKE’s value has dropped 15.47% in the last month, according to CoinMarketCap statistics, which suggests that the market is generally gloomy about this cryptocurrency. Likewise, SLF has had a precipitous decline of 58.43%. Last but not least, IDEX has dropped 26.11% in the same time frame. They might see more price drops if Binance delists them.
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