Hark! Binance, that colossus of crypto exchange, by the grace of its trading volume, hath decreed the delisting of fourteen altcoins, sending these digital baubles into a precipitous free fall. A most unfortunate turn of events, wouldn’t you agree? 🎭
The platform, in its infinite wisdom, hath recently embraced a mechanism to entangle its community in the delicate dance of listings and delistings. A democratic gesture, or a mere shifting of blame? 🤔
Binance, in a most dramatic fashion, To Delist 14 Altcoins
The exchange, with the punctuality of a court jester, revealed this grave decision on Tuesday, in the wee hours of the Asian session. Trading on all spot pairs for these tokens shall cease on April 16th, at the third hour past midnight, Greenwich Mean Time. A date that shall live in infamy… or at least, until the next delisting. 📅
“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,” read the announcement. A litany of names destined for the digital dustbin! 🗑️
The selection of these fourteen tokens, it is said, was based on a comprehensive evaluation. Development activity, trading volume, and liquidity were all scrutinized. As if they were judging a beauty contest for blockchains! 💅
In keeping with its newfound love for community involvement, Binance held a vote. Reportedly, while it garnered 103,942 votes from 24,141 participants, only 93,680 were deemed valid. Imagine the scandal if the invalid votes were recounted! 🗳️
“Community voting results were evaluated after rigorous filtering of ineligible votes and invalid votes,” the exchange declared. Rigorous filtering, you say? One can only imagine the lengths they went to! 🧐
In the immediate aftermath, the fourteen tokens tumbled over the cliff, most suffering double-digit losses. Oh, the humanity! 😭
This outcome is hardly surprising, as such pronouncements often trigger price plunges for the afflicted tokens. A similar fate befell AKRO, BLZ, and WRX recently, when they were similarly banished. The crypto gods are fickle indeed! 🌩️
What Binance Users, Poor Souls, Need to Do
Binance hath decreed that all trade orders will be automatically purged once trading ceases. Trading bots, too, shall be silenced. A digital massacre, if you will. 🤖
Thus, Binance users are advised to update or cancel their trading bots lest they suffer financial ruin. Heed this warning, lest ye be left with naught but digital tears! 😢
After the delisting, any lingering assets will be sold at market price or moved to the Spot Account if unsellable. The token’s valuation will vanish from users’ accounts. A disappearing act worthy of Houdini! 🎩
Deposits of these tokens will not be credited post-delisting. Withdrawals will cease after June 9th. A deadline that looms like the executioner’s axe! 🪓
“Delisted tokens may be converted into stablecoins on behalf of users after 2025-06-10 03:00 (UTC),” Binance added. A conversion to stablecoins? Perhaps a gilded cage is better than none at all. 🪙
While Binance’s move to involve the community may seem democratic, some whisper of favoritism towards BSC chain tokens. A conspiracy? Perhaps. Or just the winds of fortune blowing in a particular direction. 🌬️
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2025-04-08 10:51