Binance Adds Monitoring Tag to Five Tokens, Including GLMR and ICX

Binance has added five cryptocurrencies to its Monitoring Tag list.

In a notice published August 11, the global crypto exchange said the label now applies to Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE) and Sophon (SOPH).

The Monitoring Tag is assigned to tokens deemed riskier and more volatile than other listed assets. Tokens with the label undergo regular reviews by Binance and may be delisted if they fail to meet the exchange's listing requirements.

Binance said it decides whether to apply the tag after reviewing factors including project development activity, trading volume and liquidity, network and smart contract stability, the team's contribution to the project, the level of community communication, changes to tokenomics and contributions to the broader ecosystem.