Render price declined 8% in the past 24 hours, currently trading at $4.50 as the trading volume surged over 150%. The drop appears to stem from confusion surrounding Coinbase’s May 27 announcement about delisting the RNDR token. However, the delisting affects the older Ethereum-based version of Render (RNDR), not the newer Solana-based RENDER.
Coinbase stated it will suspend trading for RNDR alongside Helium Mobile (MOBILE), Ribbon Finance (RBN), and Synapse (SYN) on June 26. These tokens reportedly no longer meet listing standards due to the availability of updated versions. Despite this, many investors rushed to sell their holdings, mistakenly believing the Solana-based RENDER token was being removed.
Render Network reminded users that the migration from Ethereum to Solana began in November 2023 after community votes. Most major exchanges auto-upgraded users long ago, but Coinbase’s delay created unnecessary panic. As confusion spread, the resulting sell pressure drove the price down even though the supported token remains unaffected.
Some traders took advantage of the dip, calling it a clear case of FUD-fueled opportunity. The Render project remains fundamentally sound, and its Solana-based token is still actively supported across all major platforms. Stay informed with the latest crypto developments at TheCoinInfo.
