Tornado Cash (TORN) token dropped 56% after the world's largest cryptocurrency exchange, Binance, announced its plan to delist the token. CoinGecko data shows that the token plummeted from nearly $4.00 to $1.66 at 2:55 PM EST.

Earlier, Binance announced its plan to delist Tornado Cash, BitShares, PERL.eco, and Waltonchain on December 7th. Market data shows that BitShares dropped by about 44%, Waltonchain by about 59%, and PERL.eco also dropped by 59%.