A wave of confusion hit investors this week after Coinbase announced plans to delist RNDR – the Ethereum-based version of Render – on June 26. The result? A sharp drop in RENDER’s price and nearly $200 million in trading volume as holders rushed to sell what they thought was the main token.
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RNDR vs. RENDER – What’s Actually Changing
The Render Network completed its migration from Ethereum to Solana months ago. The new Solana-based token – RENDER – is the active and supported version going forward. Coinbase is removing RNDR, the old ERC-20 version, because it no longer meets listing standards. But the RENDER token (SPL standard) will remain fully supported.
The problem is that many traders didn’t realize the difference. Despite the network publicly urging users to upgrade, and most major exchanges handling the swap automatically, Coinbase’s delayed process – combined with vague language in its announcement – sparked a panic sell.
Same Token, New Chain
Render confirmed that the new Solana token is unaffected, and reminded users that it’s still possible to easily swap old RNDR for the new RENDER.
Whether this is a buying opportunity or just more short-term noise remains to be seen. But what’s clear is that Render is staying on Coinbase – the exchange is just leaving the old ERC-20 token behind.
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