AI Coin Render Price Drops 8% Following Coinbase Delisting Announcement
Render's price fell over 8% to $4.50 after Coinbase announced the delisting of the Ethereum-based RNDR token, attributing it to new versions failing to meet listing standards. Despite this, the Solana-based RENDER token remains supported by Coinbase.
- Daily trading volume surged by 170% to nearly $200 million, indicating strong selling pressure.
- The delisting will take effect on June 26 for RNDR, along with other tokens.
- Render Network urged users to transition to the Solana-based RENDER token amid confusion from the announcement.
- Most exchanges have auto-upgraded user holdings; the delay from Coinbase contributed to investor panic.
In contrast, Grayscale announced the launch of an AI Crypto Sector that includes top AI assets with a combined market cap of $20 billion, growing from $4.5 billion in two years. This sector features key AI coins alongside RENDER.
- Grayscale's AI sector includes Bittensor and Worldcoin.
- The AI crypto sector has seen significant growth due to rising interest in AI-related investments.
Amidst these developments, the presale for Mind of Pepe, an AI-integrated meme coin, has raised $10.8 million, attracting investor interest.
- MIND token offers access to market insights and governance participation.
- Current presale price is $0.0037515, with just two days remaining.