Binance tagged GLMR, ICX, MOVR, RARE, SOPH as monitoring risks. Moonbeam and Moonriver are migrating to Base. ICON halts in 2026. Market reaction was negative across most tokens.
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Binance added Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE) and Sophon (SOPH) to its Monitoring Tag list on Aug. 11 after its latest project reviews. The designation places the five tokens under closer scrutiny and could lead to delisting if they stop meeting the exchange's listing standards, Binance said.
The exchange said the move does not remove any of the tokens from trading and will not affect other related services. Binance did not provide a specific reason for adding each project. The notice was updated later on Aug. 11 to revise information concerning the Monitoring Tag quiz.
Binance uses the Monitoring Tag for assets it considers more volatile or risky than other listed tokens. Its reviews examine team commitment, development activity, trading volume and liquidity, along with network security, smart contract stability, public communication, due diligence responses and token supply changes. The exchange also considers evidence of misconduct.
The tag signals a token “is at risk of no longer meeting our listing criteria and being delisted,” Binance said. The tag itself is not a delisting decision. The exchange gave no date for its next review. It previously placed ACX, LSK and STX under similar review on July 24.
On Spot and Margin trading pages, the tag appears alongside a risk warning banner. Binance has not published a numerical threshold for individual review factors, so the announcement does not establish which criterion prompted each addition or how close any token may be to removal.
Market data showed a mostly negative reaction on Aug. 12. Moonriver traded near $0.90, down about 20.7% over 24 hours. Moonbeam fell roughly 12.9%. SuperRare declined around 8.3% and ICON lost about 5.1%. Sophon was up about 0.8% over the same rolling period.
Trading activity also increased for several assets. CoinGecko showed Moonriver’s 24-hour volume rising more than 600% from a day earlier. ICON volume increased more than 300%. The figures show higher trading activity but do not establish that the exchange’s decision alone caused the moves.
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. Moonriver separately announced a 1:1 MOVR migration from its Kusama-based network to Base with the same deadline. Binance did not say either change prompted its decision.
ICON is also winding down its legacy blockchain. The ICON Foundation’s notice says the network will permanently halt on Dec. 31, 2026, which is also the final deadline to migrate ICX to SODA.
Other projects have their own histories. SuperRare lost about $730,000 in a staking contract exploit in July 2025. Sophon entered spot trading in May 2025 alongside its token generation event. Binance did not connect either development to the new designation.
GLMR, ICX, MOVR, RARE and SOPH remain available under the services covered by Binance’s announcement. The exchange will continue periodic reviews and may remove the tag if conditions change. It may also delist an asset if it decides the token no longer meets its standards.
The latest additions follow several recent listing reviews. Four of six assets scheduled for Aug. 17 removal had earlier risk warnings. ACX, which received its tag on July 24, is among them. That history shows a Monitoring Tag can precede removal, although it does not guarantee that outcome.
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. The exchange has not announced a timetable for another assessment or a delisting decision.
The exchange's listing criteria and monitoring process are part of its broader approach to crypto market analysis.
The exchange has not published a timetable for another assessment or a delisting decision.
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