Binance delisting ARN, FUEL and LUN

More crypto hodlers rekt.

Binance today announces to delist ARN, FUEL and LUN as a part of the periodic review process. Soon after the announcement made via the official blog post, ARN, FUEL and LUN price slips by 42%, 19% & 11%.

When Binance conducts these reviews, they consider a variety of factors. Here are some that drive whether they decide to delist a digital asset:

• Commitment of team to project
• Level and quality of development activity
• Trading volume and liquidity
• Network / smart contract stability
• Level of public communication
• Responsiveness to our periodic due diligence requests
• Evidence of unethical/fraudulent conduct or negligence.
• Contribution to a healthy and sustainable crypto ecosystem