Stock market tokens are at the top of the list of the most depreciating ones of the day, has the risky process been entered for stock market tokens?
One of the elements that has suffered the most from the recent turmoil has been crypto exchanges. Stock markets, faced with the tight stance of the SEC, have been struggling for a while. The crypto industry, fueled by the SEC’s lawsuits against Binance and Coinbase, has discredited exchange tokens. What’s the latest on the wave of sales in PancakeSwap (CAKE), OKB and BNB?
Why Are Investors Leaving Exchange Tokens?
The ongoing tension between regulators and crypto exchanges has affected the exchanges’ tokens the most. The SEC, which recently sued Binance, has put BNB in the background. BNB, which has decreased by 5.15 percent in the last 24 hours, became the 5th most depreciating coin of the day.
Likewise, exits from OKEX and PancakeSwap continue. Not only regulatory actions, but also technical problems and exchanges that have problems with the liquidity pool are falling out of favor. OKB, the token of the OKEX exchange, has fallen by 5.40 percent in the last 24 hours. PancakeSwap’s token CAKE fell 6.98 percent, becoming the most depreciating coin of the day.
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