Crypto Market Shocker: Why Render (RENDER) Price Fell 8% Amid Coinbase Delisting Fears
Crypto investors were rattled this week as Render (RENDER) saw its price tumble 8% following confusion over Coinbase’s decision to delist the older Ethereum-based RNDR token. Although the announcement sparked fresh volatility, the migration to the Solana blockchain means the newer RENDER token remains fully supported and tradable.
In the last 24 hours, RENDER is trading at $4.50 with trading volume soaring by over 150%—an indicator of heightened market attention and activity. But what really triggered the sell-off? Fears swirled after Coinbase revealed on May 27 that it would suspend trading for several legacy tokens, including RNDR (Ethereum), as upgraded versions have taken their place. Coinbase said these older tokens no longer meet its listing criteria and will be removed by June 26.
MOBILE, RNDR, RBN, & SYN are being delisted because new versions… Trading will be suspended on June 26, 2025.
It’s crucial for crypto holders to distinguish between RNDR (the Ethereum ERC-20 token) and RENDER (the Solana SPL token). The Render Network quickly issued a reminder urging users to upgrade by swapping to the new chain and provided clear instructions for the process. However, market confusion led many to offload their RENDER holdings, mistakenly believing all support was being pulled.
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The community-driven migration from Ethereum to Solana started in November 2023, following decisive token-holder votes. While most exchanges executed seamless auto-upgrades for their users, Coinbase’s delayed approach has now resulted in this pricing hiccup. According to experts, such miscommunication creates ideal conditions for experienced traders to capitalize on fear-driven dips.
An influential member of the Render community noted, “Many investors still misunderstand the technical difference. This is a classic case of FUD leading to valuable buying opportunities for those paying attention.”
Looking ahead, crypto traders should prioritize staying updated with official project channels when upgrade events occur. This episode also serves as a reminder of the speed at which blockchain technology and token standards can evolve. With growing adoption of cross-chain assets, clarity and communication from major exchanges are more critical than ever.
For more insider tips on protecting your crypto assets and efficient token management, check out our comprehensive wallet security guide and “Best Crypto Exchange Platforms in 2025“.
As of now, RENDER continues to be fully supported on Solana, with most platforms having already completed the upgrade. For investors willing to ride out short-term waves, periods of fear in crypto markets often mark the entry points for the next round of growth.