UniSwap, one of the most popular decentralized exchanges (DEX) in the cryptocurrency space, has removed the BEN token from its platform.
BEN Token No Longer Accessible via UniSwap Front-End
Launched as a meme coin by an anonymous Twitter user, the token is no longer accessible from UniSwap's front-end interface.
When trying to access the token via UniSwap, a warning appears saying "You cannot trade this token with the Uniswap App".
However, the BEN token seems to have increased by around 66% during the day despite this development.
Removing the token from the frontend means that it is no longer visible or accessible from Uniswap's official website or interface. However, the token may still exist on the blockchain and be accessible from other platforms or interfaces.
Being removed from the backend means that the token is no longer supported or recognized by Uniswap's smart contracts or protocols.
Therefore, considering that the BEN token is not delisted on the backend, we can conclude that it is still able to use UniSwap's smart contracts.
There are some doubts about ben.eth, the founder of BEN, which was released as a meme token. This name said that he would airdrop a new meme token to those who send tokens to the Ethereum address he published on Twitter.
However, the new meme token that ben.eth airdropped instantly lost value and hurt investors. However, meme tokens are already known to be highly volatile and risky assets.
*Not investment advice.