The price of Ren (REN) has dropped by over 38% in the past 24 hours due to the news that cryptocurrency exchange Binance will be delisting spot trading pairs for Ren and several other altcoins. Binance, the largest exchange by trading volume and user base, announced that trading support for Ren, Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), and OAX (OAX) will cease on December 10. The delisting comes after an in-depth review by Binance, which evaluates factors such as team commitment, development activity, trading volume, liquidity, and network stability. The value of Ren has fallen significantly since its all-time high in February 2021, and the recent delisting by Binance has added to the declines.



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