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Coinbase Says Goodbye to 4 Altcoins and Their Prices Plunge Hard: Details Here

  • Coinbase announced the delisting of Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), & Synapse (SYN) on June 26, leading to significant price declines in these assets.
  • Prices of RNDR, RBN, and SYN dropped by double digits, with SYN experiencing the largest decline at almost 15%.
  • Delisting by Coinbase can result in reduced liquidity, investor fear, damaged reputation, and increased selling pressure for the affected assets.
  • Contrarily, prior listings by Coinbase have triggered notable price increases, with certain tokens surging over 100% shortly after being backed by the exchange.

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