Mask Network Crypto goes down after Maskusdt’s binance delisting binance. Will the panic sales force mask be even lower?
Mask, the token behind the mask network, is in free fall, losing a huge 38% in the past day of trading. According to an X analyst, the accident follows his Binance delisting, where most of the negotiations occurred.
$ Mask removed from @binance
Nobody should cry for this as they have already published on their Xpic.twitter.com/boc0xdkltd
– $ 0ul (@spetsnaz_3) April 1, 2025
Based on the average daily negotiation volume, Binance is the largest and liquid exchange of cryptocurrencies in the world.
As such, delisting is a huge blow to the mask.
Maskusdt Sell-off triggers mass liquidation
On Coinmarketcap, the average volume of daily trading per mask has increased by over 340% in 24 hours.
(Source)
The peak is mainly guided by panic, since the traders face enormous losses, they eliminate from the binance, climb the outputs and exacerbate the Sell-Off.
Panic and liquidation sales suggestions could further guide the action of the mask/USDT price.
According to the Venera, over $ 4.64 million in long positions with lever were liquidated in 24 hours, most of which were in crisis.
(Source)
However, based on the volume of trading in the same period, the trackers show an increase in bitget activities.
Why did Binance eliminated the mask?
For now, the reason why Binance has canceled the mask remains unclear.
Some connect the drop in changes to yesterday’s financial leverage on multiple meme coins, such as Act and Tutorial, which led to a two -digit decline.
Binance’s financial leverage changes hit $ Lever, $ Mask, $ ActAND $ DF difficult.
Automated trading systems suitable for 10:30 UTC, April 1, 2025, triggering Sell-off. At 11:00 UTC, an increase in the volume spread through exchanges, not only the binance.
Social media buzzed confusion, speculating …
– Alva (@Alvapp) April 2, 2025
However, given the critical role of the binance in the mask trade, delisting will have a strong impact on the token, reducing its liquidity and worsening the feeling of investors in the coming weeks.
During writing, almost 16% of all trading occurred on Binance, where Mask was combined with the most liquid Stablecoin, USDT.
In the meantime, Upbit was also popular among the South Korean traders, generating over 14% of the whole commercial volume. Here, traders can exchange masking with KRW and vice versa.
Is there hope for the mask network?
At the end of February, the founder’s suspicious token flows, Suji Yan, raised concerns about the transparency and financial integrity of the project.
I notify
A suspicious address received almost $ 4 million in digital activities, including:
113 $ Eth
–
Yan said that these samples were probably from a hack and took place for his birthday.
I turned 29 today, 6 hours ago. About 3 hours ago – One of my public wallets that I brought to the phone was violated and 4M $++activities were stolen. The whole stolen TX looks like manual and extends for 11+ minutes.
So the private key was leaked on the same day as my birthday and hacker tsf manual … https://t.co/skuib2nrpf
– Suji Yan – Mask is buidling (@suji_yan) February 27, 2025
Although Maskusd’s prices stabilize after this alleged hack, the road to the mask network to be followed remains demanding. Track some of the best meme coins to be purchased in 2025.
Basically, the token is in a precarious position.
(Maskusdt)
The mask will probably continue to slide unless the team and market makers do not choose to connect and stop the bleeding, allowing him to recover and even become one of the best cryptovals to buy.
There is hope from a fundamental perspective.
With the support of the winter and close protocol, analogous is building the omnichain liquidity hub. The team says that this development aligns with its vision of being a portal for the new and open internet.
Find out: 9 high risk cryptos for 2025
Binance Delisting Crashs Mask Network (Mask) Price
- Binance Delists Mask, forcing a 38% landfill
- Mask the volume of trading peaks while investors climb to go out
- Over $ 4.64 million mask positions have been liquidated through exchanges
- Suji Yan’s wallets were violated at the end of February
The Post Binance has just killed Mask Network Crypto: Mask Price precipitates -38% after Delisting appeared first out of 99 bitcoins.