It’s been a wild ride for GYEN holders over the past few weeks. First, the token was delisted from Binance without any warning or explanation. This sent the price plummeting, as many holders sold in panic.
Then, just as the dust was settling, Coinbase announced that it would be adding GYEN to its platform. This caused a massive spike in price, as holders rushed to buy in anticipation of a listing.
However, Coinbase has now announced that it will not be listing GYEN after all. This has sent the price crashing yet again, as holders are left feeling disappointed and betrayed.
So what happened? It’s hard to say for sure. Some have speculated that Binance delisted GYEN in order to manipulate the price down so they could buy more tokens at a discount.
Others believe that Coinbase never had any intention of listing GYEN and was just using the token as a way to generate hype and drive up trading volume on its platform.
Whatever the case may be, one thing is for sure: GYEN holders have had a rough few weeks. Let’s hope that things start to look up for the token soon.