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binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance’s expansion of its VIP Loan offerings with new tokens like NEWT and SAHARA has backfired, as both assets saw significant price drops. Meanwhile, the exchange’s decision to remove several trading pairs further fueled negative market reactions.
- Binance's VIP Loan expansion with NEWT and SAHARA led to immediate price drops of 7% and 11%, respectively.
- The removal of trading pairs like ACT/EUR and FIO/BTC caused further declines, with FIO losing 8% in 24 hours.
- Historical data shows Binance's delistings often trigger severe price crashes, such as CREAM's 60% drop in April.
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