Bybit Unveils $TGT and Cuts Trading Pairs | Market Reacts
In a major update, Bybit has announced the launch of Tokyo Games Token ($TGT), alongside delisting six trading pairs. This decision, effective May 2025, has sparked mixed emotions in the crypto community, with some players feeling optimistic and others dismayed over the changes.
What's New?
Bybit is set to introduce $TGT while cutting six trading pairs, including $DLC, $ELDA, and $KRO. According to the announcement, trading for these pairs will cease on May 23, 2025, at 8 AM UTC, and deposits will be cut off a day earlier.
A Closer Look at Delistings
Pairs Affected:
$DLC/USDT
$ELDA/USDT
$KRO/USDT
$N3/USDT
$SAIL/USDT
$STAT/USDT
Final Trading Support: May 23, 2025, at 8 AM UTC
Deposit Cut-off: May 22, 2025, at 8 AM UTC
Community Buzz
Reactions across forums have varied: some are thrilled about the new token, while others are upset about the loss of trading options. One participant commented, "Gm! Excited for $TGT, but these delistings are a bummer."
Another remarked, "XRP will be green on May 21," suggesting a positive trend despite upcoming delistings. The sentiment remains mixed, as the community contemplates the potential impacts of these changes.
"This is a huge shift for Bybit's user base," noted a user, reflecting the broader concerns regarding market dynamics.
Implications of the Change
The adjustments could significantly alter trading strategies:
🔄 New Token Opportunity: $TGT is set to draw significant interest.
📉 Delisting Impact: Market options are shrinking, which may cause volatility for affected tokens.
🤔 User Sentiment: Clearly divided, with excitement for $TGT and frustration over lost assets.
As the launch approaches, how will this reshape trading on the platform? Anticipation continues to grow as people prepare for change.
What to Expect After May 2025
The potential for $TGT to gain traction is high, with speculation on a possible 20% increase in trading volume. Conversely, the delistings might lead to declines of 15% to 30% in the affected tokens. Traders are urged to remain vigilant due to the shifting landscape.
Weighing the Impact
Bybit's latest moves echo significant shifts from past market transitions. Will $TGT thrive, or will delistings unleash turbulence? As this story unfolds, crypto enthusiasts must remain informed to navigate the evolving market dynamics.
Key Points to Consider:
🔺$TGT expected to attract attention and interest.
🔻Delistings may disrupt trading options, impacting prices.
🤷 Community reactions showcase a split sentiment on the changes.
Stay tuned for updates as the crypto landscape continues to evolve.