US-based cryptocurrency exchange Coinbase announced the removal of trading services for Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN) on June 26. The delisting was attributed to updated token versions that no longer meet platform requirements. Coinbase has also moved its order books for the four assets to limit-only mode, allowing users to place and cancel limit orders while potential matches may occur. This move triggered significant price declines for the affected altcoins, with RNDR down 7%, SYN dropping by almost 15%, and the rest down double digits. The company’s decision to delist these assets has led to reduced liquidity and visibility in the crypto market, potentially creating fear and uncertainty among investors and leading them to sell their holdings. Notably, while Coinbase previously removed these tokens from its platform for reasons including insufficient trading volumes, it has also boosted other token prices significantly when listing them. For instance, the meme coin TOSHI saw a 100% price surge after being added to Coinbase’s roadmap in early 2023, and Tensor (TNSR), the native token of Solana’s top NFT marketplace, witnessed a 70% price increase following its inclusion on the platform in 2024. Coinbase says goodbye to these altcoins as part of ongoing platform improvements.