Important Binance update regarding Shiba Inu (SHIB) and Dogecoin (DOGE).

TL; DR

Binance will cancel 17 liquidity pools from liquidity swaps until October 27, including pairs such as DOGE/BUSD and SHIB/BUSD, but Binance Spot is unaffected. Despite the details, Dogecoin and Shiba Inu prices remain strong, reflecting the overall positive crypto market trend. BitMEX has also canceled pairs including FLOKI/USD, but the price of FLOKI Inu has shown a significant improvement recently.

Binance removes the following pairs

The world's largest cryptocurrency exchange – Binance – announced Binance will remove 17 liquid pools from Liquid Swap to “reduce drift and provide users with better transaction rates.” The updates will take effect from October 27 and will include some popular digital assets.

Namely, all affected trading pairs are ADA/BUSD, BNB/BUSD, BTC/BUSD, BUSD/DAI, BUSD/USDT, DOGE/BUSD, ETH/BUSD, FIL/BUSD, GMT/BUSD, HOOK/BUSD, LINK/. BUSD, LTC/BUSD, MATIC/BUSD, POND/BUSD, SHIB/BUSD, SOL/BUSD, and UNI/BUSD.

“Users who hold positions in the aforementioned liquidity pools will immediately receive their accumulated assets in the Spot Wallet,” Binance confirmed. He also clarified that the farewell rate will not affect the trading of the aforementioned pairs on Binance Spot.

Although included in the reforms, the market capitalization – Dogecoin (DOGE) and Shiba Inu (SHIB) – price performance did not suffer. The former has increased by 3% in the last 24 hours, while the latter is up by 4% (according to CoinGecko figures).

It is worth mentioning that the increase in the price of the assets may be the result of the general revival of the cryptocurrency market. Bitcoin (BTC) recently surpassed $30K for the first time since August XRP He was elevated. Following Ripple's latest US SEC win, it is nearing $0.53, while Solana (SOL) is up 12%.

This SHIB competitor has been affected by BitMEX's efforts.

Floki Inu is another memecoin that was recently involved in the cancellation process after BitMEX removed FLOKI/USD and FLOKI/USDT perpetual swap contracts. Other trading pairs included in the activity are 1TAIDOGE/USD, 1TAIDOGE/USDT, BOB/USD, GMX/USD, GMX/USDT, ORDI/USD, RNDR/USD and TURBO/USD.

FLOKI has done a great job over the past several weeks. It's up about 18% over the past 30 days and is up 130% year-to-date.

Those willing to learn more about the different memecoins, their differences, their purposes and the risks surrounding them can watch our video below.