In this article, we will learn what the "ST" warning, which is frequently encountered in Cryptocurrency exchanges, is.
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Introduction
We all registered and invested in various cryptocurrency exchanges. Some of us made short-term investments and some of us made long-term investments. In this way, we generally buy various coins and add them to our basket, which we call "Altcoin Basket". After adding major coins such as Bitcoin and Ethereum to our basket, we start searching for Altcoins and add many Altcoins to our basket.
Cryptocurrency markets are like seasons. They move in cycles such as Spring, Summer, Autumn and Winter seasons. This movement in the markets has been given the names "BULL" and "BEAR" markets. {alertSuccess}
In the bull market, it is a sunny market like the Spring and Summer seasons. Even the most novice investors can easily make money. So many new Altcoin projects are added to the crypto money markets that it becomes very difficult to follow.
In a bear market, fear and pessimism prevail among investors. The weather is dark. There are sharp losses and declines in cryptocurrencies. Not every Altcoin can survive a bear market and they head towards the cryptocurrency dump and are deleted.
What is the "ST" expression in Cryptocurrencies?
The meaning of the "ST" warning is "Special Treatment".
The Special Treatment rule states that projects at risk of delisting will fall into the special treatment "ST" category and will be subject to mandatory review for a certain period of time.
The reasons why coins fall into the “ST” category include low transaction volume, security issues related to the project, product development, etc.{alertSuccess}
What Does "ST" Written Coin Mean?
So why do some coins have the "ST" label? As I wrote above, most cryptocurrencies cannot survive harsh bear markets and disappear. For this reason, some leading cryptocurrency markets have introduced such an application to protect their investors.
Since there are no globally agreed regulatory procedures in the cryptocurrency markets, exchanges can make their own decisions.
Especially in the cryptocurrency world, the number of projects that cannot develop their projects, that have the purpose of fraud with false and inaccurate project introductions or fake accounts (Scam) is very high.
The risk of delisting for these coins is extremely high. The effect of past experiences in the industry is also extremely high. Because there have been examples of scams in the cryptocurrency world in the past, exchanges are trying to act very sensitively and at the same time, they are trying to protect their investors against possible losses.
In short, if a coin has the "ST" label, something is wrong. Exchanges are giving a warning to project owners as "Either correct your mistakes or we will delisted you!" {alertWarning}
So what happens to the coin with this warning? If the project owner fulfills his/her duties and acts faithfully to the project timeline after the exchange warning and renews trust, the "ST" warning will be removed at the discretion of the relevant exchange. The project and the cryptocurrency it is affiliated with will continue on their path.
What are the Losses and Risks of "ST" Warning Coins? What Should We Do?
Read the article below carefully about the "ST" marked coins belonging to the MEXC Exchange.{alertWarning}
In order to create a healthy digital asset environment and provide our users with a better trading experience, MEXC's risk and compliance team has increased the monitoring and tracking of all pairs listed on our platform. Pairs with the "ST" tag may be hidden or delisted according to the "ST" alert rules. Details are as follows:
Projects that comply with the "ST" Alert Rules will be evaluated and monitored, and if the risk of such a trading pair to our users is significant, that trading pair will be delisted and trading will be suspended 3 days after the "ST" tag is placed.
Users who own project tokens with the "ST" Alert will be required to withdraw such tokens to their personal asset wallets or other exchanges. Users who fail to withdraw within 30 days will do so at their own risk.
Deposits will not be allowed for tokens that are removed from the list or there may be a risk of losing assets.{alertError}
If you read the example text above, you understand that a coin with the phrase "ST" has serious risks. So what should we do;
What you need to do is to do good research when making your investment decisions and invest in solid, reliable and promising projects.
For example; You have already created an Altcoin basket consisting of major and minor coins. You should check the coins in your basket from time to time. You should research the news and agenda whenever you find time. Otherwise, you may face big losses.
What are the MEXC Exchange ST Warning Rules?
MEXC Exchange updated its "ST" warning rules in 2024 to protect its users. The latest official letter is below please read.
Dear Users,To create a healthy digital asset environment and provide our users with a better trading experience, MEXC's risk and compliance team has increased the monitoring and tracking of all pairs listed on our platform. Pairs with the "ST" tag may be hidden or removed from the list according to the "ST" Warning Rules.
Details are as follows:
Projects that comply with the "ST" Warning Rules will be evaluated and monitored, and if the risk of the trading pair in question to our users is serious, that trading pair will be delisted 3 days after the placement of the "ST" tag and trading will be suspended.
Users who own project tokens with the "ST" Warning will be required to withdraw the tokens to their own personal asset wallets or other exchanges. Users who fail to withdraw within 30 days will do so at their own risk.
Deposit transactions for delisted tokens will not be permitted or may risk losing assets.
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