RENDER Price Plummets 8% Amid Coinbase Delisting FUD!

Confusion Reigns as Coinbase Axes Old RNDR Token

Hold onto your hats, crypto fans! RENDER just took an 8% nosedive as fear, uncertainty, and doubt (FUD) spread like wildfire after Coinbase dropped a bombshell about delisting the old Ethereum-based RNDR token. But hold up—don't panic yet! The new Solana-based RENDER token is still in the game, fully supported and ready to roll.

Listen up, folks! RENDER's price tanked 8% in the last 24 hours, now hovering around $4.50 while trading volume skyrocketed over 150%. This rollercoaster ride seems to be fueled by the chaos following Coinbase's May 27 announcement about kicking RNDR to the curb. But here's the kicker: it's only the old Ethereum-based RNDR getting the boot, not the shiny new Solana-based RENDER!

Get this: Coinbase is also giving the axe to MOBILE, RNDR, RBN, and SYN because these tokens got a fresh new look. The old versions just don't cut it anymore. That's why they're pulling the plug on trading for these tokens on June 26. Out with the old, in with the new!

Coinbase dropped the hammer, announcing they'll halt trading for RNDR, Helium Mobile (MOBILE), Ribbon Finance (RBN), and Synapse (SYN) come June 26. Why? Because these outdated tokens no longer make the grade thanks to their updated counterparts.

After Coinbase's delisting bombshell, Render Network stepped up to remind everyone to upgrade to the new Solana-based RENDER token, even laying out a step-by-step guide. But guess what? A bunch of investors hit the panic button and dumped their RENDER tokens, all because they got mixed up about what was actually being axed.

Render Network isn't playing around! They kicked off the migration from Ethereum (RNDR) to Solana (RENDER) back in November 2023 after community votes (RNP-002, RNP-006). Most major exchanges were quick to auto-upgrade user holdings, but Coinbase? They were dragging their feet, which led to this whole mess.

As the FUD tsunami hit, some savvy investors saw their chance to buy the dip. One user nailed it, saying:

"So funny how many retards on X can't comprehend what the Coinbase announcement means (ERC-20). RNDR has been migrated to RENDER (Sol) and every exchange except Coinbase migrated ETH to Solana. Buy the FUD. Idiots I swear."