Why is Monero’s XMR Token Price Crashing?

Leading cryptocurrency exchange Binance announced on February 6th that it will delist privacy coin Monero (XMR) along with three other tokens, AntShares (ANT), Multi-Collateral Dai (MULTI), and Venus (VAI) on February 20th,2024. The news immediately sent XMR prices crashing. According to cryptocurrency data site CoinGecko, XMR fell 16.9% following the Binance announcement, dropping to $137.93.