Binance CZ Shuts Down Delisting Rumors – Is ETH Crashing to $1500?

The post Binance CZ Shuts Down Delisting Rumors – Is ETH Crashing to $1500? appeared first on Coinpedia Fintech News

Ethereum, the second-biggest cryptocurrency, has seen its price fall nearly 13% after briefly touching $2,100. The drop comes as panic spreads over rumors that Binance might remove Ethereum from its platform. However, Binance’s former CEO, Changpeng Zhao (CZ), has shut down these claims, calling them completely false.

Binance’s New Listing Model Causes Confusion

The controversy started when Binance introduced two new community-driven features: ‘Vote to List’ and ‘Vote to Delist.’ These allow users to vote on which tokens should be added or removed from the platform.

Soon after, false news spread that Binance was planning to remove Ethereum. This sparked panic among investors, especially Binance users. Many feared that such a move could negatively impact ETH’s price. 

CZ quickly responded, stating that anyone who believes the delisting rumors “deserves to be poor.” His comment was meant to assure the community that Ethereum remains supported by Binance.

Whoever believes this deserves to be poor.