Binance Delisting Announcement Triggers Market Plunge for 14 Altcoins

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Binance, the world's leading cryptocurrency exchange by trading volume, has announced the delisting of 14 altcoins, causing an immediate market downturn for the affected tokens.

The exchange has introduced a community-driven mechanism to involve users in listing and delisting decisions, enhancing transparency in its operations.

Delisted Altcoins: Key Details

The decision, disclosed during Tuesday's Asian trading session, will take effect on April 16, 2025, at 03:00 UTC. Spot trading pairs for the following tokens will be discontinued:

"After evaluating community voting results and completing our due diligence process, Binance will proceed with the delisting," the official announcement stated.

Selection Criteria

Tokens were assessed based on:

  1. Development activity (quality and consistency)
  2. Trading volume and liquidity metrics
  3. Community engagement and long-term viability

Community Vote Outcomes

👉 How to safeguard your portfolio during exchange delistings

Market Reaction

Following the announcement, the 14 altcoins experienced sharp declines, with many dropping 10–30% within hours.

Notable Price Impacts:

| Token | Decline (%) |
|---------|------------|
| BADGER | ~25% |
| BAL | ~18% |
| FIRO | ~22% |

This mirrors previous delisting events, such as the removal of AKRO, BLZ, and WRX, which also triggered double-digit losses.

User Action Steps

  1. Bot Updates: Cancel or modify trading bots for affected pairs before delisting.
  2. Asset Management:

    • Outstanding orders will be auto-canceled.
    • Remaining tokens may be force-sold or moved to Spot Accounts.
  3. Withdrawals:

    • Supported until June 9, 2025 (03:00 UTC).
    • Post-delisting deposits won’t be credited.
"Delisted tokens may be converted to stablecoins after June 10, 2025," Binance noted.

Community Feedback

While the voting system promotes decentralization, critics argue Binance may favor Binance Smart Chain (BSC) tokens.

👉 Explore alternatives to delisted tokens


FAQ

Q: Why did Binance delist these tokens?
A: Based on low trading volume, stagnant development, or failing community votes.

Q: Can I still trade these tokens elsewhere?
A: Yes, but liquidity may diminish post-delisting.

Q: What happens to my holdings after June 9?
A: Unsold balances may be converted to stablecoins.

Q: How often does Binance delist tokens?
A: Quarterly reviews ensure only viable projects remain listed.


Note: Always verify exchange announcements and consult financial advisors before making investment decisions.


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