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COMBO's Price Drops Significantly Due to Delisting by Binance

jonsohh_alt06-26 17:20Bar COMBO
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On march 21, 2025, combo experienced a significant drop in price due to the announcement by binance regarding its decision to delist several cryptocurrencies including combo. the trading for these tokens will cease on march 28, 2025 at an unspecified time.

reasons for the price drop:
1. **trading volume:** tokens that are low in volume faced removal from exchanges like binance.
2. **delisting announcement:** news of delisting can create fear among investors leading them to sell off their holdings resulting in a drastic decrease in value
3. **regulatory risks:** regulatory issues may have also played a part leading to traders and investors exiting this project rapidly causing prices to plummet without any halt until now
4. **team commitment and project stability:** lack of public communication concerning security risks indicates lower team commitment which adds uncertainty as well making it easy for speculators drive-down values further downwards
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