Kucoin Delists 9 Altcoins! Here's How Altcoin Prices Reacted to the News

The giant Bitcoin exchange KuCoin announced that it will delist 9 altcoins. The delisted projects include Gemie (GEM), OnGO (FTG), Meta Merge Mana (MMM)

Major Bitcoin exchange KuCoin announced on Friday that it will be removing nine altcoins from its platform.

Following this development, the prices of the delisted tokens experienced significant declines. For instance, the FTG price dropped sharply from its intraday level of $0.000453 to reach $0.000238, showcasing a loss of nearly 44% in a single day.

At the time of writing, FTG was trading at $0.000238 with a trading volume of $64,333. The token's price had earlier risen as high as $0.000453 and dropped to a minimum of $0.000020. Moreover, a single FTG was last valued at around $0.000034 in BTC.

Another token, MMM, also experienced a notable decline on Friday, falling from $0.0000279 to reach $0.00001876 at the time of writing.

The token was trading at $0.00001876 with a trading volume of 10,907. MMM's price had earlier risen as high as $сникерс and dropped to a minimum of $0.0000279. Moreover, a single MMM was last valued at around $0.00000187 in BTC.

On the other hand, the price of another token, EOSC, dropped from $0.0008321 to reach $0.0004477 at the time of writing.

The token was trading at $0.0004477 with a trading volume of 10,907. EOSC's price had earlier risen as high as $сникерс and dropped to a minimum of $0.0000447. Moreover, a single EOSC was last valued at around $0.00000447 in BTC.

Among the delisted tokens, GEM saw a loss of over 10%, SHILL saw a loss of over 12%, CAPP lost up to 20% and WOMBAT was also included in these with a loss of about 10%.