Twister Money token falls 57% after Binance declares delisting

The governance token for crypto mixer Twister Money, TORN, has fallen by over 50% since Nov. 26, in keeping with knowledge from CoinGecko. The crash got here on the identical day that crypto trade Binance introduced it was delisting the token.

Twister Money is a cryptocurrency mixing protocol, and TORN is used to vote on proposals for upgrading the protocol. From Nov. 26 to 27, the token took a nosedive, falling from $3.90 to only $1.66 — a decline of 57%. The value decline occurred because the world’s largest crypto trade by quantity, Binance, introduced that it will cease accepting deposits of TORN on Dec. 8 and not course of withdrawals after March 7, 2024.

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