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Reading: Bitget to Delist TOKEN from TokenFi Platform
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COINTURK NEWS > Altcoin News > Bitget to Delist TOKEN from TokenFi Platform
Altcoin News

Bitget to Delist TOKEN from TokenFi Platform

In Brief

  • Leading cryptocurrency exchange Bitget has announced that it will delist TOKEN, the native asset of tokenization platform TokenFi, launched by the memecoin project Floki Inu (FLOKI). The crypto exchange has made serious allegations against the Floki Inu team through the project.ContentsBitget to Delist TOKENSerious Allegations Against Floki Inu Team Bitget to Delist TOKEN Bitget, a […]
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Leading cryptocurrency exchange Bitget has announced that it will delist TOKEN, the native asset of tokenization platform TokenFi, launched by the memecoin project Floki Inu (FLOKI). The crypto exchange has made serious allegations against the Floki Inu team through the project.

Contents
Bitget to Delist TOKENSerious Allegations Against Floki Inu Team

Bitget to Delist TOKEN

Bitget, a cryptocurrency exchange, has announced that it will delist TOKEN, the native asset of TokenFi, a tokenization platform launched by the popular memecoin project Floki Inu. The delisting process will take place on November 1st at 00:00, and deposit and trading services for TOKEN will be suspended, and all pending orders will be canceled.

Furthermore, Bitget stated that a buyback program will be implemented for the altcoin to prevent any losses caused by the delisting process. According to the program, a buyback will be made based on the highest closing price of TOKEN (0.00605002 <a href="https://en.coin-turk.com/new-record-in-market-value-for-usdt-the-leading-stablecoin/”>USDT) within 5 days (from October 27th to October 31st), during which the altcoin was traded on Bitget, before November 7th, 2023.

Despite the delisting announcement, TOKEN is trading at $0.0195 with an increase of over 20% in the last 24 hours. The highest and lowest levels of the altcoin in the last 24 hours were recorded at $0.01846 and $0.01165, respectively.

Serious Allegations Against Floki Inu Team

In addition, Bitget has made serious allegations against the Floki Inu team in the delisting announcement. The cryptocurrency exchange accused the Floki Inu team of manipulating the price of the altcoin.

The allegations directed by the cryptocurrency exchange include the manipulation of the altcoin’s market price by deliberately squeezing liquidity, lack of transparency in the token economy, and undisclosed release cycles.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 31 October, 2023 - 2:18 pm 31 October, 2023 - 2:18 pm
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