TL;DR

• Binance’s recent delisting of several tokens led to sharp price drops, with some losing over 40% of their value.
• In contrast, the company’s support toward specific meme coins has fueled significant price rallies.

Heavy Bleeding

Binance regularly lists or delists certain cryptocurrencies based on numerous factors such as current market trends, regulatory environment, and more. Removing tokens from the world’s biggest crypto exchange impacts their liquidity and credibility and could be followed by a massive price collapse.

Such was the case after the latest delisting spree. Earlier today (October 23), the company announced that the altcoins Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI) will no longer be available on the platform from November 6. Withdrawals involving these tokens will be supported until February 6, 2025.

“The exact trading pairs being removed are KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, USDT/IDRT. All trade orders will be automatically removed after trading ceases in each respective trading pair.

The token’s valuation will no longer be displayed in your wallet after delisting.