Crypto change Coinbase in a shocking transfer on Friday introduced suspending buying and selling for Enjin Coin (ENJ) from mid-June. As a end result, ENJ worth tumbled 10% in a number of hours, with the autumn extending to over 13% within the final 24 hours. The crypto change additionally introduced a suspension of buying and selling for Metal (MTL), inflicting a greater than 8% fall in costs.
Coinbase Announces ENJ and MTL Trading Suspension
In the newest posts on X on May 31, Coinbase stated it should droop buying and selling for Enjin Coin (ENJ) based mostly on latest opinions. Users won’t be able to commerce Enjin Coin (ENJ) from round 2 PM ET on June 14.
“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” stated Coinbase, citing causes for the suspension.
Notably, buying and selling shall be suspended on Coinbase Simple and Advanced Trade, Coinbase Exchange, Coinbase Prime, and Native DEX. This signifies an general takedown of Enjin Coin from the crypto change, sparking issues amongst ENJ holders as they panic promote their tokens.
Coinbase additionally acknowledged that it has moved ENJ order books to limit-only mode. This would enable restrict orders to be positioned and canceled, and matches might happen.
ENJ worth dropped greater than 15% within the final 24 hours, with the worth at the moment buying and selling at $0.3101.
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Metal Dao (MTL) Price Plunges 9%
Coinbase requested customers to switch their MTL tokens to a self-custodial wallet that can assist MTL V2 by June twenty third at 11 PM ET to make sure entry to the airdropped belongings. “If you do not transfer your MTL assets by this date, you will not be able to access the V2 assets,” the change asserts.
Coinbase won’t assist MTL token airdrop. It will droop buying and selling for Metal DAO (MTL) at 2 PM ET on June 14. The exchanges has moved MTL order books to limit-only mode, much like Enjin Coin (ENJ).
MTL worth fell 9% previously 24 hours, with the worth at the moment buying and selling at $1.77. The 24-hour high and low are $1.76 and $1.92, respectively. Furthermore, the buying and selling quantity has decreased by 42% within the final 24 hours, indicating a decline in curiosity amongst merchants.
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