{"id":69785,"date":"2025-05-28T13:14:37","date_gmt":"2025-05-28T13:14:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=69785"},"modified":"2025-05-28T13:14:37","modified_gmt":"2025-05-28T13:14:37","slug":"coinbase-says-goodbye-to-4-altcoins-and-their-prices-plunge-hard-details-here","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=69785","title":{"rendered":"Coinbase Says Goodbye to 4 Altcoins and Their Prices Plunge Hard: Details Here"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Certain digital assets recorded substantial price declines following the latest delisting spree announced by the US-based crypto exchange.<\/span>
\nIn contrast, some of the company\u2019s previous listing disclosures have triggered double and even triple-digit rallies.<\/p>\n

<\/a><\/span><\/h2>\n

Heading South<\/h2>\n

The leading cryptocurrency exchange Coinbase <\/span>announced<\/span><\/a> that it <\/span>will<\/span> terminate trading services with Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), & Synapse (SYN) on June 26. The delisting effort <\/span>was attributed<\/span> to updated token versions, which no longer meet the platform\u2019s listing requirements.<\/span><\/p>\n

Coinbase has also moved its order books involving the four altcoins to limit-only mode. \u201cLimit orders can be placed and canceled, and matches may occur,\u201d the company stated.\u00a0<\/span><\/p>\n

The prices of the affected assets plunged following the disclosure. RNDR has dropped by 7% on a daily scale, while the rest are down by double digits. The biggest loser is SYN, whose valuation declined by almost 15%.
\n<\/span><\/p>\n

<\/a>SYN Price, Source: CoinGecko<\/p>\n

Such price reactions <\/span>are somewhat expected<\/span>. After all, ceased support from a major player like Coinbase leads to reduced liquidity and visibility. Additionally, it can spark fear and doubt among investors, hurt the asset\u2019s reputation, and drive more people to sell.<\/span><\/p>\n

Render is the biggest cryptocurrency in terms of market capitalization from the affected ones, and some X users commenting on the post were left surprised that Coinbase decided to suspend trading services with it. <\/span>The company initially <\/span>added<\/span><\/a> support for the altcoin at the beginning of last year, <\/span>placing<\/span> it in its roadmap section and later <\/span>listing<\/span> it <\/span>on<\/span> the platform.<\/span>\u00a0<\/span><\/p>\n

The Opposite Effect<\/span><\/h2>\n

Usually, the observed price dynamics are much different when Coinbase backs <\/span>certain<\/span> cryptocurrencies in one way or another. <\/span><\/p>\n

Earlier this year, the exchange listed the meme coin TOSHI on its roadmap, a vital step before an official listing<\/span>. The<\/span> valuation of the token <\/span>skyrocketed<\/span><\/a> by over 100% shortly after the inclusion.<\/span><\/p>\n

A similar occurrence took place in 2024 when Coinbase\u00a0added<\/a> Tensor (TNSR), the native token of Solana\u2019s top NFT marketplace, to its roadmap.\u00a0<\/span>The announcement triggered a 70% spike in the asset\u2019s price.<\/span><\/p>\n

The post Coinbase Says Goodbye to 4 Altcoins and Their Prices Plunge Hard: Details Here<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Certain digital assets recorded substantial price declines following the latest delisting spree announced by the US-based crypto exchange. In contrast, some of the company\u2019s previous listing disclosures have triggered double and even triple-digit rallies. Heading South The leading cryptocurrency exchange Coinbase announced that it will terminate trading services with Helium Mobile (MOBILE), Render (RNDR), […]<\/p>\n","protected":false},"author":0,"featured_media":69786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69785"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69785"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/69786"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}