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OKX Exchange has announced a significant delisting of multiple trading pairs, scheduled for October 24, 2024, between 16:00-16:30 (UTC+8). The affected pairs include BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC.
Users are advised to cancel pending orders for these pairs before the deadline to avoid automatic execution by the system. This move by OKX, a major cryptocurrency exchange, has potential implications for the liquidity and trading volumes of the affected tokens, which could lead to increased price volatility.
Impact on Block (BLOCK) and AirSwap (AST)
The announcement has coincided with notable price declines for several of the affected cryptocurrencies. Block (BLOCK) experienced a significant downturn, with its price dropping to $0.0001373, representing a 6.25% decline in the last 24 hours and a 1.20% decline over the past week.
The trading volume for BLOCK stands at $2,378.79, indicating relatively low liquidity. Similarly, AirSwap (AST) has seen its price fall to $0.08172, marking a 3.43% decrease in the last 24 hours and a 4.32% decline over the week.
With a circulating supply of 210 million AST, its market cap currently stands at $16,806,053. These price movements suggest that the impending delisting may be influencing investor sentiment and trading behavior.
Symbiosis (SIS) and WXT Token (WXT) Price Movements
Symbiosis (SIS) and WXT Token (WXT) have experienced even more pronounced declines following the OKX announcement. SIS has seen a dramatic 19.56% price drop in the last 24 hours, bringing its value down to $0.1695.
Its weekly decline stands at 17.88%, with a current market cap of $10,990,458 based on a circulating supply of 65 million SIS. WXT has also suffered significant losses, with its price falling to $0.003804, representing a 10.15% decrease in the last day and a 14.71% decline over the week.
WXT’s market cap now stands at $8,754,987, calculated from a circulating supply of 2.3 billion WXT. These substantial price drops highlight the potential market impact of the OKX delisting decision on smaller cap cryptocurrencies.
Contrasting Movement: WiFi Map (WIFI) Bucks the Trend
Interestingly, amidst the general downtrend, WiFi Map (WIFI) has shown a contrarian movement. WIFI’s price has increased to $0.03321, marking a significant 16.81% rise in the last 24 hours and a 16.39% increase over the past week.
With a circulating supply of 480 million WIFI, its market cap now stands at $16,271,943. This positive price action for WIFI, despite its impending delisting from OKX, suggests that other factors may be influencing its market performance, or that traders are repositioning their holdings in anticipation of the delisting.
The divergent behavior of WIFI compared to the other affected tokens underscores the complexity and unpredictability of cryptocurrency markets, especially in response to significant exchange-related news.