Binance To Delist $AKRO, $BLZ, $WRX: Should Holders Hold or Sell?

What Binance Delisting Announcement Means for $AKRO & $BLZ Holders

Crypto Cleanup for Christmas: Binance’s Delisting Announcement for $AKRO, $BLZ, and $WRX

As Christmas approaches, Binance is making significant changes to its platform by delisting three tokens—$AKRO, $BLZ, and $WRX. This announcement was made on December 18, 2024, and the delisting is set to take effect on December 25, 2024. Binance users holding these tokens will have until the end of the day on Christmas Day to either trade, withdraw, or sell them.

Why is Binance Delisting $AKRO, $BLZ, and $WRX?

Binance’s decision to delist these tokens is part of a broader strategy to maintain platform integrity and ensure users trade in a healthy environment. The reasons for delisting can vary from poor liquidity and low trading volumes to security concerns or the token’s failure to meet Binance’s listing criteria.

1. Kaon (formerly Akropolis), represented by AKRO: Akropolis is a decentralized finance (DeFi) platform known for providing savings, lending, and asset management solutions. Despite its innovative approach, the token has struggled with market adoption and liquidity issues, leading to this delisting. At the time of writing, the current price of Kaonlabs ($AKRO) is around $0.002934, reflecting a 30.02% decrease over the past 244 hours. The market capitalization stands at $13.01 million, while the 24-hour trading volume is $14.78 million, showing a 33.75% increase from the previous 24 hours.

2. $BLZ (Bluzelle): Bluzelle is a decentralized data storage network focused on offering scalable solutions for storing and managing data. The lack of significant development progress and a clear use case has resulted in lower interest and adoption among investors, prompting Binance’s decision to delist.  At the time of writing, Bluzelle ($BLZ) is currently trading at around $0.1091, experiencing a significant decrease of 21.91% in the past 24 hours. Despite this decline, the 24-hour trading volume for $BLZ has increased dramatically by 250.41%, reaching $29.33 million. The market capitalization stands at $49.36 million.

3. $WRX (WazirX): WazirX, originally acquired by Binance, is a trading platform for various cryptocurrencies. Due to compliance issues and changes in regulatory landscape, Binance has chosen to delist $WRX from its platform. At the time of writing, the current price of WazirX ($WRX) is approximately $0.1543, reflecting a 37.10% decrease over the past 24 hours. The market cap stands at $58.9 million, while the 24-hour trading volume is $14.62 million, which has seen a decrease of 45.20% from the previous 24-hour period.

Hold or Sell? Navigating Your Next Move 

Given the sharp price declines and increased trading volumes, the market signals heightened volatility, likely driven by panic selling and speculative trading. If you believe in the long-term potential of these tokens and their projects, holding might be a risk worth taking—but be prepared for limited liquidity and fewer trading options post-delisting. For those prioritizing flexibility and immediate returns, selling before the delisting takes effect could help mitigate potential losses.