Home Binance to Delist WAVES, XEM, OMG, WNXM – Buy The Dip Or Will Crypto Prices Crash More?

Binance to Delist WAVES, XEM, OMG, WNXM – Buy The Dip Or Will Crypto Prices Crash More?

Binance announced yesterday that it will delist all spot trading pairs for OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) on June 17th at 03:00 (UTC).

Let’s explore the reasons behind Binance’s decision and how it might affect the prices of these tokens.

Binance Announces Multiple-Token Delistings

Binance’s announcement provided insight into the factors that contribute to the decision to delist a digital asset. The commitment of the project’s team, the level and quality of ongoing development activity, and the trading volume and liquidity of the asset all play a role. Additionally, the stability and safety of the network from potential attacks, as well as the stability of the network or smart contracts, are crucial considerations.

The level of public communication from the project, responsiveness to periodic due diligence requests from Binance, and any evidence of unethical, fraudulent conduct or negligence are also evaluated.

New regulatory requirements and the asset’s contribution to a healthy and sustainable crypto ecosystem are other factors that Binance takes into account when determining whether to delist a digital asset.

The specific trading pairs being removed are: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT.

Additionally, at 2024-06-11 03:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for the aforementioned tokens as loanable and collateral tokens. Users are strongly advised to repay their outstanding loans before this date to avoid potential losses.

Price Movements and Potential Impact

All of these tokens have experienced price declines today (which is expected of course), with drops ranging from 2% for WNXM to 7-10% for other tokens. As the delisting date of June 17th approaches, these prices may face further downward pressure due to reduced liquidity and trading opportunities on Binance.

While some traders might be tempted to “buy the dip,” these prices could potentially plunge further in the short term due to the delisting event.

Top Cryptos to Buy Instead

Instead of chasing the potentially falling prices of the delisted tokens, investors might consider exploring alternative crypto projects with promising prospects.

One such project is WienerAI, a new AI venture in the pre-ale stage that has already raised over $4 million. Crypto YouTube channel Crpytonews, with 10,000 followers, posted a video highlighting WienerAI as one of the best AI projects currently available, praising its branding and marketing efforts.

This project offers several key features. Firstly, it offers AI-enhanced trading capabilities, allowing users to engage the bot with questions related to crypto investments. Utilizing predictive technology, the bot analyzes market data and provides unbiased analysis and reasoning, making it a valuable tool for both novice and experienced traders alike. Secondly, WienerAI facilitates seamless swapping across decentralized exchanges with just a few clicks, all while operating with zero fees.

Another project worth considering is Sealana, a new Solana meme coin gearing up for launch in the coming weeks after a successful presale (over $3 million raised). Investors can still purchase SEAL tokens via the project’s official website.


Binance’s decision to delist WAVES, XEM, OMG, and WNXM tokens has already impacted their prices, and further downward pressure may be expected as the delisting date approaches. While some traders might be tempted to “buy the dip,” it is generally advisable to avoid these cryptos for now. Instead, investors could explore alternative projects with promising prospects, such as WienerAI and Sealana.


About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Petar Jovanović
Crypto Writer

Petar Jovanović brings years of experience in the crypto industry to ReadWrite. With a strong belief in the potential of the web3 market since 2017, he's passionate about sharing valuable insights and knowledge. Based in Serbia, Petar graduated in Economics at the University of Niš, and went on to become the Head of Content at Captain Altcoin, an online magazine covering all things blockchain. His work has also been published on BeInCrypto and German site Kryptozeitung. Feel free to connect with Petar to discuss the exciting world of cryptocurrencies and decentralized technologies.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.