On December 1st, Binance announced that it is extending its Monitoring Tag list to include the following digital assets:
- •Tranchess (CHESS) – A platform created to boost returns with leveraged points and stable yield on ETH and BNB Chain
- •Dent (DENT) – A digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups, and a roaming-free experience, using blockchain to create a global marketplace for mobile data liberalization
- •dForce (DF) – A DeFAI network that uses DeFi for AI agents to power the crypto AI economy
- •Aavegotchi (GHST) – A NFT gaming protocol
- •Solar (SXP) – An L1 blockchain network secured by 53 block producers via delegated Proof-of-Stake (DPoS)
All five digital assets recorded price volatility following Binance’s announcement today.
Binance's Inclusion of the 5 Assets on its Monitoring Tag List
Digital assets included in the exchange’s Monitoring Tag list exhibit higher volatility and risks compared to other listed tokens. These assets are closely monitored and reviewed, being at risk of no longer meeting the listing criteria.
In its official announcement, Binance revealed that it conducts periodic reviews on assets to decide whether the Monitoring Tag should be added or removed from tokens based on new findings.
The criteria analyzed by the exchange include the team’s commitment to the project, level and quality of development activity, trading volume and liquidity, stability in the face of attacks, level of public communication, transparency, responsiveness, evidence of unethical conduct, new regulatory requirements, community sentiment, tokenomics changes, and others.
CHESS, DENT, DF, GHST, and SXP Price Actions on December 1st
All five digital assets included in Binance’s Monitoring Tag list recorded price volatility today.
For instance, CHESS had a market cap above $7.2 million ahead of the exchange’s announcement, and it dropped to lows of $6.8 million shortly after, before a rebound.
At the moment of writing this article, CHESS is trading above $0.03, with a market cap of over $6.9 million, down by more than 8% in the past 24 hours.
DENT’s market cap also dropped from over $32 million to $27.4 million, down by more than 23% in the past 24 hours. DF’s market cap dropped from $14 million to $13.3 million levels. DF is down by almost 10% today.
GHST is also down by almost 18% in the past 24 hours, after a drop in market cap from over $13 million to lows of $11.1 million, before a slight rebound above $11.4 million.
SXP is down by over 17% today, after a drop in market cap from $42 million levels to lows of $37 million, before a rebound above $39 million in market cap.