Binance will delist Waves, OmiseGO, NEM and Wrapped NXM. These coins have reacted by falling. Why is delisting necessary and has this process been subject to market manipulation?
Delisting is carried out regularly and has entirely justified reasons. The main factors that are taken into account when deciding whether to delist a coin are the level of developer activity, trading volumes and liquidity, network stability, communication with the community and compliance with regulatory requirements. This is done to protect the interests of users and maintain high listing standards. Coins that do not comply with them face delisting.
However, it cannot be ruled out that the delisting process could be used to manipulate the market by unscrupulous players. The announcement of upcoming delisting often causes the price of the delisted coin to plunge, opening the door to speculation. Therefore, it is important for exchanges to conduct delisting as transparently as possible and notify the community in advance to minimize the risks of manipulation.
A drop in prices after the announcement is a typical market reaction to such news. Perhaps manipulations took place, but without a detailed analysis it is difficult to draw any conclusions. The main thing is that Binance acts as openly and transparently as possible in this process.