In a recent development, LeverFi, formerly known as RAMP DEFI, announced the minting of 13.7 billion LEVER tokens, coinciding with Binance's imminent delisting.
Event Background
LeverFi announced the minting of approximately 13.7 billion LEVER tokens on June 30, 2025. This coincides with the forthcoming delisting of the token from Binance. The LeverFi team is working on AI-powered decentralized applications, but there have been no official statements or announcements regarding the minting or their strategic objectives.
Token Distribution and Market Reaction
The newly minted tokens were partially transferred to Bybit, raising immediate concerns among market participants due to a lack of transparency. LeverFi's silence on the matter stood in stark contrast to its previous announcement about a staking incentive program and a total supply increase. LEVER token prices fell dramatically, directly impacting the market’s perception of LeverFi and increasing mistrust among investors.
Financial Implications
Financial repercussions continue as the token's valuation dropped sharply. Currently, there are no identifiable direct quotes from key players in LeverFi or from prominent figures in the crypto industry regarding the outlined situation. The lack of public comments emphasizes the potential financial outcomes, including decreased project valuation and loss of user engagement, which are critical for future protocol sustainability.
While LeverFi's long-term strategy remains unclear, this latest development highlights the precarious nature of relying on centralized exchanges like Binance, especially when significant token minting coincides with delisting events.
