Token Plummets 60% Following Binance Delisting –
On December 7, Binance will delist BitShares (BTS), Perl.eco (PERL), Waltonchain (WTC), and Tornado Cash (TORN), the company announced on social media platform X, (formerly Twitter). Since the news, the four altcoins have all dropped by more than 40%. Tornado Cash dropped 57% from its pre-announcement price, reaching as low as $1.66. After March 7, 2024, Binance said that it would no longer handle withdrawals for the altcoin.