According to reports from CoinDesk, Binance added Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE) and Sophon (SOPH) to its Monitoring Tag list on August 11 following its latest project reviews. The exchange stated that the designation places all five tokens under closer scrutiny and signals possible future delisting if they stop meeting the exchange's listing standards. However, the exchange emphasized that the tag itself is not a delisting decision and did not provide a specific date for its next review.
As reported by CoinDesk, market data showed a mostly negative reaction on August 12. Moonriver traded near $0.90, down about 20.7% over 24 hours, while Moonbeam fell about 12.9%. SuperRare declined around 8.3% and ICON lost roughly 5.1%. Sophon was up about 0.8% over the same rolling period. Trading activity also increased significantly, with CoinGecko showing Moonriver's 24-hour volume rising more than 600% from one day earlier, while ICON volume increased more than 300%. The exchange noted that the tagged tokens remain available under its services and that related services are unaffected.
According to CoinDesk, two of the tagged assets recently underwent major network changes. Moonbeam announced a 1:1 migration of GLMR from its Polkadot parachain to Base with a July 31 deadline, while Moonriver separately announced a 1:1 MOVR migration from its Kusama-based network to Base with the same deadline. The ICON Foundation also announced that the network will permanently halt on December 31, 2026, which is also the final deadline to migrate ICX to SODA. Binance did not indicate whether these changes prompted its decision.
As reported by CoinDesk, Binance uses the Monitoring Tag for assets it considers more volatile or risky than other listed tokens. The exchange's reviews examine team commitment, development activity, trading volume, liquidity, network security, smart contract stability, public communication, due diligence responses, token supply changes and evidence of misconduct. The exchange has not published a numerical threshold for individual review factors, and the tag appears on corresponding Spot and Margin trading pages alongside a risk warning banner. The exchange previously placed ACX, LSK and STX under closer review on July 24.
According to CoinDesk, the exchange stated that tagged tokens are 'at risk of no longer meeting our listing criteria and being delisted' but emphasized that the tag itself is not a delisting decision. The exchange will continue periodic reviews and may remove the tag if conditions change or delist an asset if it decides the token no longer meets its standards. For holders of the five newly tagged assets, the next concrete development would be another Binance review or a separate notice changing their listing status, with the exchange having not announced a timetable for another assessment or delisting decision.
