Binance Slaps Monitoring Tag on Six Tokens, MOVE Takes a Nosedive!

MOVE's Rocky Road: From Scandal to Rebrand

Binance just threw the monitoring tag on six more tokens, and guess who's on the list? Movement Labs' MOVE, fresh off a market maker scandal and a shiny new rebrand to Move Industries. They even kicked co-founder Rushi Manche to the curb!

Binance's Warning: High Volatility and Risk Ahead

The crypto giant's not messing around. "Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens," they declared. Brace yourselves, traders!

The Full Lineup: MOVE and Five More in the Hot Seat

Alongside MOVE, Binance's got its eyes on Stella's ALPHA, Hifi Finance's HIFI, LeverFi's LEVER, PORTAL, and Rei Network's REI. These tokens are now under constant surveillance, with Binance ready to pull the plug if they don't shape up.

MOVE's Freefall: 12% Drop and Counting

Right after Binance's announcement, MOVE took a nosedive, plummeting over 12% in just 24 hours. It's trading at a measly $0.15 now, down nearly 50% in the past month. Ouch!

Other Tokens Feel the Heat

REI, ALPHA, and PORTAL aren't faring much better. REI dropped 12.5%, ALPHA fell 5%, and PORTAL took the biggest hit with a 17.1% decline. Yikes!

HIFI and LEVER Buck the Trend

But wait, there's a glimmer of hope! HIFI and LEVER managed to eke out some gains, with HIFI up 4.4% and LEVER soaring 12.8% in the last day. Go figure!

Binance's New Rules: Quizzes and Terms of Use

Oh, and if you want to trade these tagged tokens on Binance Spot or Margin, get ready for a quiz every 90 days and a periodic terms of use agreement. Binance ain't playing around with these high-risk assets!