Serum (SRM), Sonm (SNM), and DFI.cash (YFII) are among the most significant losers in the crypto market right now. SRM, SNM, and YFII have all dropped by double digits as of this writing.
SRM, SNM, and YFII will be delisted by Binance.
Binance announced on Tuesday that Serum, DFI.Cash, and Sonm will be “delisted and stopped buying and selling on all buying and selling pairs” from its platform on August 22. The exchange stated in a notice to prospects that the delisting is a part of its period review of each listed digital asset.
Serum has dropped 29% in the same time period to little around $0.05, with 7-day returns reaching -35% and more than 50% previously 30 days. Serum, a challenge associated with FTX and Alameda Analysis, is down 99.6% from its all-time high of more over $13 in September 2021.
DFI.cash, a yield farming aggregator forked from yearn.finance, was down 16% in the previous 24 hours to trade around $605. YFII has dropped by more than 24% in the past month and is now trading at a level that is more than 93% lower than its all-time high of $9,251 set in September 2020.
The three altcoins have declined as several of the top 20 property by market cap have remained steady, with Bitcoin restricted beneath $30k and Ethereum struggling to exceed $1,900.