On July 4, Binance will cease trading for five digital assets including ALPHA and LEVER, leading to price fluctuations for these tokens.
Binance's Official Announcement
On June 26, Binance officially announced that it would delist five digital assets on July 4 at 03:00 (UTC):
- Stella (ALPHA) – a protocol promising to redefine leveraged DeFi. - Biswap (BSW) – a DEX for BEP-20 tokens on BSC with the lowest transaction fees. - Komodo (KMD) – an open-source technology provider. - LeverFi (LEVER) – a decentralized AI protocol for adaptive applications. - LTO Network (LTO) – an L1 blockchain for real-world assets and data security.
Reaction to the Delisting
According to Binance's statement, the decision to delist was made following thorough reviews. The platform periodically reviews each digital asset. If a project no longer meets the established criteria, a more in-depth analysis may be conducted, potentially leading to its delisting. Some factors considered in the review include team commitment, development quality, trading volume, and network stability.
Analysis of Price Fluctuations
Following the delisting announcement, all five assets displayed significant volatility. For instance, ALPHA's price rose by 2% to $0.02 before dropping to a level just above $0.01. Similarly, LEVER initially rose from a market cap of $15 million to $19 million, before falling to $15.5 million. BSW also experienced fluctuations, rising above $0.02. KMD and LTO saw sharp price drops, with KMD dropping by 24% before a slight recovery.
In conclusion, the delisting of assets by Binance has led to notable price fluctuations, highlighting the impact of exchange decisions on the digital asset market.
