Twitter Suspends OPNX Exchange: FLEX Plunges 13%

• Twitter suspended the OPNX Exchange account, causing FLEX to plunge 13%.
• The crypto exchange OPNX recorded $13.64 in trading volume before Twitter took it down.
• This happened on April 6, 2023 at 2:47 PM GMT.

Twitter Suspends OPNX Exchange Account

On April 6, 2023 at 2:47 PM GMT, Twitter suspended the OPNX Exchange account due to undisclosed reasons. As a result of this suspension, FLEX token prices plunged by 13%.

OPNX Records Trading Volume

Before its suspension, OPNX was able to record $13.64 in total trading volume. This showed that there was a high demand for the cryptocurrency exchange platform prior to its suspension by Twitter.

Impact of Suspension on Crypto Markets

The immediate impact of the suspension has been felt across the crypto markets as investors are still trying to make sense of what exactly happened and why it was done so suddenly. It is likely that this news will have an effect on other cryptocurrencies as well since traders will be more cautious when investing in digital assets going forward.

Investor Reaction

Investors have reacted negatively to this news with many expressing disappointment and frustration over the sudden move by Twitter without any clear explanation or warning beforehand. Some believe that this could be an attempt by the social media giant to crack down on unregulated cryptocurrency exchanges which may not comply with their terms of service agreement.

Future Outlook

While it is too early to tell what long-term effects this decision might have on the crypto markets, investors should remain vigilant and keep an eye out for further developments as more information about the situation becomes available in due course of time.