On July 7, 2025, Binance unleashed the goods in their recent announcement. They’ve issued a watchlist label for BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF). This move is an indication of greater risk and volatility ahead for these tokens. The exchange took this bold step after going through an extensive review process.
The review, internally conducted by Binance, calculated each token’s performance and risk profiles. As a result, Binance took the initiative to add the watchlist label to BAKE, IDEX, and SLF.
BakeryToken (BAKE) is now one of the tokens that have come under increased scrutiny. The new watchlist label warns Binance traders to be careful if they’re trading BAKE. Like most cryptocurrencies, this one has the potential for extreme price volatility.
IDEX (IDEX) received the watchlist label. Binance's decision reflects concerns about the token's market behavior and associated risks.
Self Chain (SLF) becomes the latest addition on Binance’s list of tokens under observation. As with any risky exchange, the self-described content warning from the SLF exchange suggests its users consider the dangers beforehand before participating with SLF.
These tokens now carry a watchlist label. As always, Binance users should be cautious and do their own due diligence before trading BAKE, IDEX, and SLF. The exchange’s detailed review of its operations was the precursor for this protective measure, which will protect its users from potential market risks.
