Did HEGIC fall from grace after Binance delisting
What happens when Binance decides to de-list a crypto asset? Will the chosen coin or token ever recover, or is the fall from grace enough to doom its prospects forever? We can study exactly this in real-time, as Binance recently delisted Hegic [HEGIC], renBTC [RENBTC], and sUSD [SUSD] on 11 April.
In particular, HEGIC investors began to make some moves to presumably cut their losses.
Although Binance’s official de-listing notice assured users that HEGIC withdrawals would be supported until 12 July 2022, the metrics captured the change in spirits almost immediately. At press time, the ERC-20 token had a market cap ranking of 899 and was changing hands at 0.01695. This was after falling by 6.25% on the last day alone. At its highest, HEGIC was trading at around $0.50 in February 2021.
Meanwhile, Santiment data revealed that HODLers wasted no time in taking the asset out of exchanges, even as development activity plunged.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.com
