{"id":57688,"date":"2025-04-08T15:14:45","date_gmt":"2025-04-08T15:14:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57688"},"modified":"2025-04-08T15:14:45","modified_gmt":"2025-04-08T15:14:45","slug":"binance-delists-these-altcoins-triggering-a-price-meltdown-details-here","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57688","title":{"rendered":"Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance\u2019s removal of 14 altcoins sent prices crashing, with CREAM and BETA sinking nearly 60% on the news.<\/p>\n

In contrast, the company\u2019s support can lift prices, as seen when meme coin MEW jumped 15% after being added to Binance Alpha last week.<\/p>\n

<\/a><\/span><\/h2>\n

The Binance Effect<\/h2>\n

The world\u2019s largest crypto exchange will <\/span>remove<\/span><\/a> 14 altcoins from its platform <\/span>on April 16<\/span>. Those include Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream (CREAM), Cortex (CTXC), <\/span>aelf<\/span> (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), Unilend Finance (UFT), and VIDT DAO (VIDT).\u00a0<\/span><\/p>\n

The delisting comes after a community <\/span>voting<\/span> and Binance revealed that <\/span>a total of<\/span> 24,141 participants took part. It is worth noting that only users who held a minimum balance of \u200b0.01 BNB in their accounts were eligible to cast a vote.<\/span>\u00a0<\/span><\/p>\n

The exchange explained that <\/span>the tokens\u2019 valuation will no longer be displayed<\/span> in people\u2019s accounts <\/span>after delisting<\/span>.<\/span>\u00a0<\/span><\/p>\n

\u201cDeposits of these token(s) will not be credited to users\u2019 accounts <\/span>after 2025-04-16 03:00<\/span> (UTC).\u00a0<\/span>Withdrawals of these token(s) from Binance will not be supported<\/span> after 2025-06-09 03:00<\/span> (UTC),\u201d it added.\u00a0<\/span><\/p>\n

The <\/span>conversion of the removed<\/span> assets into stablecoins before June 10 is possible, although Binance said <\/span>that<\/span> it \u201cis not guaranteed.\u201d<\/span><\/p>\n

All cryptocurrencies that will be removed from the platform next week <\/span>nosedived<\/span> by double digits. CREAM and BETA were among the worst-affected ones, registering steep daily declines of almost 60%.
\n<\/span><\/p>\n

<\/a>CREAM Price, Source: CoinGecko<\/p>\n

This shouldn\u2019t come as a surprise since the end of support from a crypto behemoth like Binance reduces liquidity and damages the reputational value<\/span>\u00a0of the involved assets.<\/span>\u00a0<\/span><\/p>\n

The Opposite Outcome<\/span><\/h2>\n

Conversely, embracing a new cryptocurrency or adding further services <\/span>often<\/span> boosts the price of the asset in question.<\/span><\/p>\n

A similar event occurred at the start of the month when the exchange <\/span>placed<\/span><\/a> the cat-themed meme coin Cat in a Dogs World (MEW) into its Binance Alpha section. The latter is a platform within the company\u2019s ecosystem that highlights promising crypto projects. It acts as a pre-listing selection stage, potentially leading to official inclusion in the exchange.<\/span><\/p>\n

MEW\u2019s price soared by 15% shortly after the announcement, but the bears stepped in the following days and erased the gains.\u00a0<\/span><\/p>\n

The post Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance\u2019s removal of 14 altcoins sent prices crashing, with CREAM and BETA sinking nearly 60% on the news. In contrast, the company\u2019s support can lift prices, as seen when meme coin MEW jumped 15% after being added to Binance Alpha last week. The Binance Effect The world\u2019s largest crypto exchange will remove 14 altcoins […]<\/p>\n","protected":false},"author":0,"featured_media":57689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57688"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57688"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57689"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}