Binance Delisting News: 14 Tokens Removed Triggering Massive Drop in Altcoins

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Binance‘s Token Takedown: 14 Tokens Go Bye-Bye! 😱💔

So, in a plot twist that no one saw coming (except maybe your mom when you told her about your crypto investments), Binance has decided to kick 14 tokens to the curb. Yep, you heard that right! Traders are now in full-on panic mode, selling off like it’s a Black Friday sale at a store that’s going out of business. 🏃‍♂️💨

On a lovely Tuesday morning, while the rest of us were sipping our coffee, Binance dropped the bombshell that they would be delisting the following tokens:

“Following the Vote to Delist results and completion of the standard delisting due diligence process, Binance will delist BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT and VIDT on 2025-04-16,” the exchange noted, probably while sipping a fancy latte. ☕️

Factors Taken Into Consideration

Now, before you start throwing your computer out the window, Binance did say they considered a few “crucial factors” before making this decision. You know, things like team commitment (because who doesn’t love a dedicated team?), trading activity (aka how much people are actually using these tokens), and whether or not the project is being run by a bunch of clowns. 🤡

And just to keep you on your toes, Binance made it clear that just because your favorite token survived this round doesn’t mean it’s safe. It’s like being the last kid picked for dodgeball—sure, you’re in the game, but you could still get hit in the face at any moment. 🎯

In a shocking twist, Binance received a whopping 103,942 votes from 24,141 participants in their latest community voting round. That’s right, folks! They filtered out the ineligible votes like a bouncer at a club. No fake IDs allowed! 🚫

Key Deadlines for Withdrawals and Deposits

Mark your calendars, folks! Binance will stop supporting trading bots for these delisted tokens on April 16, 2025, at 03:00 UTC. So, if you’ve got bots running wild, it’s time to rein them in before they cause you to lose your shirt. 👕💸

After the delisting, those tokens will vanish from your account like your New Year’s resolutions. And starting April 16, 2025, any deposits of the delisted tokens will be as welcome as a mosquito at a picnic. 🦟

But wait, there’s more! Withdrawals for these tokens will only be available until June 9, 2025. After that, Binance might convert your sad little delisted tokens into stablecoins, but no promises! It’s like a surprise party, but instead of cake, you get a stablecoin. 🎉

Shortly after the announcement, all 14 tokens took a nosedive, with many experiencing double-digit losses. Ouch! That’s gotta hurt! 😬

Community Criticism

Of course, not everyone is thrilled about Binance’s new community voting mechanism. Critics are worried that some project teams might resort to “vote buying” to sway the results. Because who doesn’t love a little corruption in their crypto? 🙄

Others are concerned that smaller projects could be unfairly targeted for delisting, regardless of how well they’re actually doing. It’s like being the kid who gets picked last for dodgeball, even though you’re secretly a ninja. 🥷

But Binance insists that this new mechanism is all about giving users more chances to discover potential gems while ensuring that projects meet quality and regulatory standards. So, you know, it’s all in the name of progress! Or something like that. 🤷‍♀️

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2025-04-08 11:38