Recently, I discovered an interesting phenomenon. If you compare cryptocurrencies in the crypto space to celebrities in the entertainment industry, then the recent risk warning from a major exchange makes perfect sense. The flagged tokens are now like stars who have been "downgraded" by the platform—trading volume plummets, ecosystem partnerships shrink, and whether they can "make a comeback" depends entirely on their own strength.
Let me explain how this "downgrade" works: the exchange tags risk levels to tokens, which is not exactly delisting but a form of cooling-off—reducing trading depth and setting stricter trading thresholds. As a result, market makers hold back, liquidity evaporates, and price volatility increases. This logic applies just as well in the entertainment industry—when a star is limited in exposure, they get fewer variety show invitations and lose endorsement deals. The same pattern repeats in the crypto world.
So, what’s the outlook for these tokens? Take XRP, for example. It’s one of the tokens with real use cases—its foundation in cross-border payments is solid, like an actor with a signature role to support them. Being flagged is more of a compliance reminder; as long as the compliance process is improved, restrictions can be lifted, and this incident might even attract more institutional attention. In the long run, XRP’s risk isn’t significant, and short-term emotional fluctuations shouldn’t be overthought.
DOGE is a completely different story. It’s purely a traffic-driven token with no real use cases supporting it. Once the hype fades, it relies on the community to maintain its popularity. After being flagged, new retail investors might hold back, which is definitely not good for its short-term trend. Whether it can "turn around" depends mainly on whether the ecosystem can quickly develop new application scenarios or if the community can create new hot topics. Otherwise, this period of restricted flow could be quite tough.