The world's largest cryptocurrency exchange Binance has announced the delisting of four altcoins, including ALPACA, PDA, VIB, and WING, which has caused noticeable market fluctuations.
Reasons for Delisting
Binance periodically reviews all digital assets listed on its platform to ensure they continue to meet high standards and industry requirements. When a token or coin no longer meets these standards, a more in-depth review occurs, which may lead to its delisting. "Our priority is to provide the best services and protections for our users while continuing to adapt to evolving market dynamics."
Impact on Token Prices
Following the delisting announcement, there were significant decreases in the prices of ALPACA, PDA, VIB, and WING. Investors began to liquidate their positions, leading to a crash in the value of these tokens.
Consequences for Users
As of 02.05.2025, Binance will cease trading the mentioned tokens. All trading orders will be automatically removed once trading is completed for each pair. Withdrawals of these tokens from Binance will not be supported after 04.07.2025.
The delisting of four altcoins by Binance underscores the necessity for compliance with quality and safety standards in the crypto industry, which in turn impacts the value of these tokens and user actions on the platform.
