Binance Delists WazirX (WRZ), Akropolis (AKRO) And Bluzelle (BLZ). Meanwhile Solaxy (SOLX) Raises $2.8M

Binance, the world’s largest crypto exchange, has announced the delisting of three tokens: WazirX (WRX), Akropolis (AKRO), and Bluzelle (BLZ). The tokens will be removed from the platform on December 25, 2024, at 03:00 UTC. This move follows Binance’s regular review of listed assets to ensure they meet the platform’s stringent standards.

Binance reviews its listed tokens based on criteria like development activity, network stability, trading volume, and regulatory compliance. If a token fails to meet these standards or if the crypto landscape changes, Binance may delist the asset. According to the exchange, WazirX (WRX), Akropolis (AKRO), and Bluzelle (BLZ) failed to meet these critaria.

WazirX WRX Freefall And Other Tokens At Risk

Binance has recently announced the delisting of three tokens: WazirX (WRX), Akropolis (AKRO), and Bluzelle (BLZ).

(WRXUSDT)

For WRX, this marks yet another significant setback, driving the token to even lower levels. Since reaching its all-time high in 2021, WRX has plummeted by 98%.

The delisting announcement has significantly impacted the WRX token. Its price plummeted by over 58%, dropping from a high of $0.2494 to a low of $0.09918. As of now, WRX is trading at $0.1066. The token’s market cap stands at $46 million. This sharp decline highlights the challenges faced by WazirX, one of India’s largest crypto exchanges.

#Binance will delist 3 tokens on 2024-12-25 03:00 (UTC)

WazirX – $WRX
ATH Market Cap. – $1.682 Billion
Now – $46M

Kaon – $AKRO formerly known as Akropolis
ATH Market Cap. – $217M
Now – $12M

Bluzelle – $BLZ
ATH Market Cap. – $195M
Now – $37M

Source – https://t.co/HyjHN1Gs4s… pic.twitter.com/FYJz7WWQgp

— CryptoWaley {We're Hiring} (@cryptowaley) December 18, 2024

In July 2024, WazirX suffered a massive hack, losing over $230 million. While affected users are still awaiting fund recovery, recent wallet activities have raised questions. On-chain data shows that a WazirX wallet received $200 million worth of crypto from a Binance-linked wallet. The funds match the amount lost in the hack, suggesting a reimbursement initiative. Tokens like ETH, SHIB, PEPE, and LINK have been involved in these transactions.

Alongside WRX, Akropolis (AKRO) and Bluzelle (BLZ) are also set for delisting. Like WRX, Akropolis (AKRO) and Bluzelle (BLZ) failed to meet Binance’s criteria. The decision serves as a reminder of the volatile and rapidly changing nature of the cryptocurrency industry.

Solaxy: Revolutionizing Solana With Layer-2 Technology

Solaxy (SOLX) is the first-ever Layer-2 solution for the Solana blockchain. Its presale raised $2.8 million in less than one week. The project aims to fix Solana’s issues of congestion and transaction failures. But how?

Solaxy is a multi-chain Layer-2 protocol. It combines Solana’s speed and cost efficiency with Ethereum’s liquidity and security. It processes transactions off-chain to reduce the load on Solana’s main network. This method makes transactions faster and cheaper for users and developers.

The Importance of Solaxy

Solana’s popularity has grown. It is especially popular for meme coins and decentralized applications. However, increased demand has caused network congestion and transaction failures. Data shows that up to 40% of Solana’s transactions fail. Solaxy’s Layer-2 solution fixes these issues by batching transactions and settling them on the main chain. This improves reliability and scalability.

Key Features of Solaxy:

Multi-Chain Functionality: Solaxy works with Solana and Ethereum. It provides a platform for developers to build scalable applications.
High Staking Rewards: Early adopters earn significant staking rewards. Current annual returns are 1267%.
Tokenomics: The total supply of Solaxy is 138,046,000,000 SOLX. The token allocation supports the project’s growth. 20% is reserved for the treasury. 15% is for marketing efforts. Early supporters receive 25% of the supply as rewards. 10% is allocated for exchange listings. 30% goes to development to expand the ecosystem.

Investors can buy SOLX through the Solaxy website or Best Wallet. Best Wallet allows users to stake tokens. Tokens appear in wallets before the official claim date. Solaxy’s presale attracted high interest and the current SOLX price is $0.00157.

Solaxy’s Layer-2 solution resolves major blockchain challenges. It opens new opportunities for DeFi and decentralized applications. Its strong presale performance and unique design make it a promising project.

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Disclaimer

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