Cryptocurrency exchange OKX announced on Wednesday (7th) its decision to delist seven tokens—MSN, OMN, REP, EURT, IGU, PCI, and SLN—from its spot trading pairs. The affected trading pairs include:
- MSN/USDT
- OMN/USDT
- REP/USDT
- BTC/EURT
- ETH/EURT
- EURT/USDT
- IGU/USDT
- PCI/USDT
- SLN/USDT
Key Dates and Actions
- Deposits suspended: Immediate halt for the seven tokens.
- Withdrawals paused: Expected by November 9.
- Trading delisting: Scheduled for August 9 (Friday) at 4:00–4:30 PM UTC+8.
OKX stated that the move aligns with its commitment to maintaining a "robust spot trading environment." The exchange regularly reviews listed tokens and delists those failing to meet its standards.
Market Impact
Following the announcement, prices of MSN, OMN, REP, IGU, PCI, and SLN dropped sharply:
- MSN plunged ~30% within an hour, trading at $0.13 at press time.
- MSN is the native token of Meson Network, a DePIN (Decentralized Physical Infrastructure Network) protocol, which debuted on OKX Jumpstart in April.
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FAQs
Q: Why is OKX delisting these tokens?
A: OKX periodically evaluates token performance and compliance with listing criteria. Underperforming or non-compliant tokens are removed to ensure market quality.
Q: Can I still withdraw my MSN tokens after delisting?
A: Yes, withdrawals remain open until November 9. Plan accordingly to avoid asset loss.
Q: Will these tokens relist in the future?
A: Relisting depends on the projects meeting OKX’s standards. No guarantees are provided.
Q: How does delisting affect token liquidity?
A: Delisting typically reduces liquidity, often leading to price volatility. Traders should monitor alternative exchanges for these tokens.
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