Cryptocurrency exchange colossus Binance has again sent shockwaves across the broader market with its plans to delist 4 cryptocurrencies. An official announcement by the CEX on Thursday, April 24, revealed that the following tokens are to be delisted from the platform on May 2, 2025, at 03:00 UTC:
- Alpaca Finance (ALPACA)
- PlayDapp (PDA)
- Viberate (VIB)
- Wing Finance (WING)
As a result, usual market sentiments about the mentioned crypto prices remain highly bearish as one of the top crypto exchanges discontinues trading support for them.
Binance Delisting News: Here’s Why ALPACA, PDA, VIB, & WING Were Removed
According to Binance’s official release, the abovementioned cryptos will be delisted shortly due to a stockpile of risk factors that hamper user experience. Per the announcement, a thorough periodic review by the CEX concluded that these assets no longer meet the level of standards or industry requirements.
In response, the crypto exchange behemoth will delist the 4 tokens mentioned above. Mentioned below are some of the key factors that the exchange took into consideration before delisting the coins.
- Commitment of the team towards the project.
- Level and quality of development activity.
- Trading volume and liquidity factors.
- Stability and safety of the network from all types of malicious attacks
- Level of public communication, community engagement, and transparency.
- Responsiveness to our periodic due diligence requests.
Binance revealed that, based on these vital factors, among many others, the decision to remove Alpaca Finance, PlayDapp, Viberate, and Wing Finance spot trading pairs was taken. Moreover, ‘Trading Bots’ services for the same will also be suspended on the same date and time.
Users can move on to the official announcement for more details on Futures, Margin, Convert, and other related delistings for these assets. Overall, the announcement has dealt a severe blow to the market sentiment for these coins, with traders and investors even speculating about a sustained price crash ahead.
How Are The Coins Performing Today?
Binance’s delisting saga appears to have triggered a waning action in three of the four tokens mentioned above. WING price crashed over 30% in the last 24 hours and is currently sitting at $0.8451. Whilst VIB price also took heat, slumping 31.5% over the past day to $0.01530.
PDA price tanked nearly 17% and even hit a low of $0.009517 in the past 24 hours. However, ALPACA price has conversely gained roughly 13% to $0.04953. Crypto market traders and investors continue to monitor the tokens, mainly expecting increased volatility ahead due to the delisting.
In another similar chronicle, Binance recently delisted cryptos ACT, ALPHA, BLUR, CELR, PENGU, POND, and RUNE.
The post Binance To Delist These 4 Crypto Sparking Price Crash Concerns appeared first on CoinGape.
