Poloniex said that it would be delisting Digibyte (DGB) after its founder criticized TRON founder Justin Sun and Binance. Since then, however, the cryptocurrency remains listed on the exchange.
Last week, BeInCrypto reported that Poloniex would be delisting Digibyte (DGB) after its founder criticized exchanges and TRON’s founder, Justin Sun. Poloniex, which recently posted and then deleted its tweet to ‘buy TRON,’ took the initiative to announce that it would remove Digibyte from its exchange. Eight days have passed since this announcement, but Digibyte remains tradeable on Poloniex.
Digibyte is currently is among the top 15 in trading volume on the exchange. This has prompted Rudy Bouwman, Vice Chairman of the Digibyte Foundation, to ask for clarification.
Dear @Poloniex,
After your announcement 8 days ago to delist $DGB, I see #DigiByte still trading in top 15 (volume).
Can you please let us know a deadline for withdrawing $DGB? Moreover, we still haven't received a clear reason for the delisting. A reply would be appreciated.— Rudy Bouwman (@RudyBouwman) December 13, 2019
There has, thus far, been no clear reason for the delisting. Poloniex has simply said that Digibyte “is not qualified for our listing standard.” The specific rationale for the delisting has not been given. The snappy response from the exchange has had no follow-up. Many are viewing it simply as punishment for the altcoin’s founder criticizing Sun.
The announcement has led to a mass exodus of DGB holdings from Poloniex. Apparently, some 100M DGB has been withdrawn from the exchange, recently. However, there is still 500M DGB being kept in Poloniex’s wallets. Many in the Digibyte community are calling for more users to withdraw to make the delisting process sting more for Poloniex.
Some 100 million DGB left @Poloniex recently. But they still have more than 500 million DGB in their wallets. pic.twitter.com/0n5BGF1scO
— CryptoLayman 🍺 (@layman_crypto) December 13, 2019
There is a fear that Digibyte coins held on Poloniex could be subject to asset freezes, manipulation, and future problems.
no one should wait until they delisted announced .. and everyone should withdraw for threats and manipulation
— spiral (@___spiral____) December 13, 2019
Thus far, Poloniex has not clarified its position on Digibyte after its flippant response a week ago. We may be able to anticipate that the cryptocurrency to be delisted later this month, but the hesitation by Poloniex may indicate they are second-guessing their initial announcement.