Coinbase, a leading crypto exchange, has announced the suspension of trading for Enjin Coin (ENJ) and Metal (MTL) from mid-June. This move has led to a significant drop in the prices of both tokens, with ENJ falling 15% and MTL dropping 9%.

The decision to suspend trading was made after Coinbase reviewed the listing standards of both tokens. ENJ will no longer be available for trading on Coinbase Simple and Advanced Trade, Coinbase Exchange, Coinbase Prime, and Native DEX from June 14. The exchange has also moved ENJ order books to limit-only mode, allowing only limit orders to be placed and canceled.

ENJ price has plummeted over 15% in the last 24 hours, currently trading at $0.3101. Metal DAO (MTL) has also seen a significant decline, with its price falling 9% in the past 24 hours. The 24-hour low and high for MTL are $1.76 and $1.92, respectively. Trading volume for MTL has decreased by 42% in the last 24 hours, indicating a decline in interest among traders.

Coinbase has asked users to transfer their MTL tokens to a self-custodial wallet that will support MTL V2 by June 23rd at 11 PM ET to ensure access to the airdropped assets. Failure to do so will result in the inability to access the V2 assets. Coinbase will not support the MTL token airdrop and will suspend trading for MTL at 2 PM ET on June 14.