UNFI Token Surges Sixfold Following Binance Delisting Announcement

Unifi Protocol DAO’s UNFI token has seen a sudden surge in price, rising from $1.50 to $8.60, recorded an increase of nearly 6 times. However, the price has since fallen back sharply and is currently trading at $2.10.

This is a surprising development, as the surge came just hours after Binance announced that it would delist the coin.

On October 23, Binance confirmed that it would delist several tokens, including Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1 (KP3R), and Rupiah Token (IDRT).

The delisting is scheduled for November 6 at 03:00 UTC, at which point all trading pairs associated with these tokens, such as UNFI/BTC, OOKI/USDT, and KP3R/USDT, will be halted.

Binance stated that their decision was influenced by factors such as project development activities, network stability, and compliance with regulatory standards. They emphasized that these measures are aimed at protecting users and maintaining a robust trading environment in the crypto space.

Unifi Protocol DAO is a group of interoperable, decentralized, non-custodial multi-chain smart contracts. Unifi Protocol is designed by a decentralized autonomous organization (DAO) and is governed through a decentralized governance token.

The project aims to bridge DeFi products on Ethereum with DeFi markets developed on other blockchains.