The Binance Flexible Loan platform announces that the delisting of the PEPE memtocene will take place on June 21. The exchange will forcibly close all outstanding credit positions on that date.
The Binance exchange has officially notified users of the Flexible Loan platform of the upcoming delisting of Pepecoin in five days at exactly 08:00 (UTC) and urged them to repay their loan orders by that date.
The platform team warned that users may be charged a 2% fee if positions are forcibly liquidated.
Binance representatives explained that currently the Binance Flexible Loan platform only supports payments in the cryptocurrency that the user has borrowed.
Earlier, analysts at Eden Network reported that automated programs, so-called “sandwich bots,” earned millions of dollars by bypassing profitable orders to buy PEPE memcoins.