OKX will remove 7 token trading pairs including MSN and OMN, causing a short-term drop of 30% in MSN

Cryptocurrency exchange OKX announced on Wednesday (7th) that it will delist spot trading pairs of 7 tokens including MSN, OMN, REP, EURT, IGU, PCI, and SLN. The affected trading pairs include MSN/USDT, OMN/USDT, REP/USDT, BTC/EURT, ETH/EURT, EURT/USDT, IGU/USDT, PCI/USDT, and SLN/USDT.

According to the announcement, OKX has temporarily suspended the deposit function for the aforementioned 7 tokens and expects to suspend the withdrawal of these tokens on November 9th. The relevant trading pairs will be delisted from 4pm to 4:30pm Taiwan time on Friday, August 9th.

OKX stated that in order to maintain a stable spot trading environment, the team continuously monitors the performance of all existing trading pairs and regularly reviews their eligibility for listing. Tokens that do not meet the listing criteria will be taken down.

After the OKX announcement was released, the prices of MSN, OMN, REP, IGU, PCI, and SLN tokens all experienced significant declines. Among them, the price of MSN coin fell by about 30% in the past hour, and the trading price before the deadline was 0.13 US dollars. MSN is the native token of Meson Network, a decentralized physical infrastructure network (DePIN) protocol, and was launched on OKX Jumpstart in April this year.