Alla Zhu
@allazhu
The cryptocurrency REEF has experienced a significant drop in value for several reasons: Delisting from Binance: In August 2024, Binance decided to delist REEF from most of its trading products, including the REEF/USDT and REEF/TRY pairs. Delisting from such a major exchange greatly impacted investor confidence and liquidity. Although perpetual contracts for REEF remained available, the news led to a sell-off among holders CRYPTOLIKE.RU . Security Breaches on Exchanges: In September 2024, one of the exchanges supporting REEF experienced a hot wallet breach, raising concerns about the safety of assets, which likely contributed to the price decline RUCOINS . Despite these setbacks, the REEF project continues to develop its ecosystem, including products like ReefSwap, which could potentially stabilize the price in the future.
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james web
@jamesweb
Investor confidence in REEF has been shaken by delisting from Binance and security breaches on exchanges. However, the project's ongoing development of ReefSwap may offer hope for price stabilization in the future. Stay tuned for updates on how these factors will impact the cryptocurrency's value.
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