Picture the crypto world as a rollercoaster designed by a particularly mischievous toddler – with more screams and fewer safety standards. Listing or delisting from the grand, shimmering palace known as Binance can turn even the calmest coin into a manic squirrel on caffeine.
Just today (November 3rd, because nothing says ‘fun’ like a random Tuesday with financial havoc), Binance decided to yank three altcoins from its playground. The result? Prices did a spectacular nosedive, looking for a soft landing that wasn’t there.
The Binance Effect: More Than Just a Blink and You Miss It
Binance, that big boss of the crypto cafeteria, announced it’s shutting down certain services involving these coins: Kadena (KDA), Axie Infinity (AXS), and Theta (THETA). The official word? “Close all positions, do it now, and don’t bother trying to open new ones unless you fancy watching your investment practice its audition for a sinking ship.”
“To keep our users from spontaneously combusting or turning into digital pumpkins, Binance Futures might throw in some additional surprises – like changing the leverage, adjusting margins, or even playing with the funding rates. Think of it as the exchange’s way of saying, ‘Hey, don’t get too comfortable!’”
As if that wasn’t enough entertainment, Kadena (KDA) decided it wasn’t feeling the love and plummeted to a laughable $0.03, shedding roughly 22% of its value. Meanwhile, AXS and THETA decided to join the crash concert with declines of 9% and 8%. Basically, they’re auditioning for the ‘Most Dramatic Drop’ awards.
History’s Repeating, but Louder
Just last week, Binance pulled the same stunt with Kadena, Flamingo, and Perpetual Protocol – leaving a trail of tears and despair behind. Kadena, ever the drama queen, took a 30% bath. The message? When Binance pulls the plug, it’s like a financial earthquake: liquidity drops, reputations tremble, and speculators become expert at the art of panic selling.
But let’s not forget, when Binance throws its support behind a coin, it’s like pouring gasoline on a campfire – the price shoots up faster than a caffeinated kangaroo. For example, September saw the launch of the STBL/USDT perpetual contract with up to 50x leverage, and lo and behold, the valuation soared by 500%. Shortly after, FLUID/USDT got its own 75x leverage party and climbed 55%. Risky? Perhaps. Exciting? Absolutely.
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2025-11-03 17:37