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Binance Death Knell: WaltonChain (WTC) being dealt the "delisting" death knell.

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by COINS NEWS 94 Views

Binance decided to delist WaltonChain today. If you have been around as long as I have been, then you will know how overdue this is. Back in the day (206-2017), WaltonChain skyrocketed into prominence with many other crypto projects. It was shilled heavily on Twitter and in /r/CryptoCurrency. So were many other projects. But WTC will forever live in infamy due to them running a scammy raffle.

They forgot to switch accounts revealing that the winner was just WaltonChain itself; they were never going to give any WTC Coins to anyone. Since then they have been utterly associated with scammery.

Here is the Twitter thread in questions. Here is WTC faking it.

They should have been delisted there and then. But after nearly a decade, they just got their comeuppance. I know that Binance isn't a favorite here and they probably helped WTC (more likely than not) live as long as they did, but today they released the news that they will delist WTC.

And since Binance is the biggest exchange in the world and the biggest exchange to host WTC, when they delist a coin it usually deals a death blow to it. Every coin delisted by Binance has experience at the very minimum 50% price drop in the first 24 hours. On top of that 99% drop due to the bear market, an additional 50% will just crush it. Then it will go on to experience a further drop extending it to almost 99.9999%+ drop over time. At this moment, WTC has dropped 40%. It is pretty much dead.

Anyway, in the style of WTC:

"OMG! ????Can't believe WTC is delisted! Thank you Binance team ! ❀️ Keep doing the great work. ????????????????????????"

submitted by /u/SquatDeadliftBench
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