{"id":22509,"date":"2025-04-24T16:11:23","date_gmt":"2025-04-24T16:11:23","guid":{"rendered":"https:\/\/cryptd.in\/massive-price-drops-for-these-altcoins-after-binance-withdraws-support\/"},"modified":"2025-04-24T16:11:23","modified_gmt":"2025-04-24T16:11:23","slug":"massive-price-drops-for-these-altcoins-after-binance-withdraws-support","status":"publish","type":"post","link":"https:\/\/cryptd.in\/de\/massive-price-drops-for-these-altcoins-after-binance-withdraws-support\/","title":{"rendered":"Massive Price Drops for These Altcoins After Binance Withdraws Support"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Binance unveiled its next delisting effort, causing an immediate market fallout for the involved digital assets.<\/span><\/li>\n<li>In contrast, tokens gaining support from the exchange usually experience strong rallies, highlighting the platform\u2019s powerful influence over short-term price action.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/Binance_CB-5.jpg\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"alignnone size-full wp-image-393699\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/Binance_CB-5.jpg\" alt=\"\" width=\"1201\" height=\"720\" \/><\/a><\/span><\/h2>\n<h2>These Assets Take a Blow<\/h2>\n<p><span data-preserver-spaces=\"true\">The world\u2019s leading crypto exchange periodically reviews each asset <\/span><span data-preserver-spaces=\"true\">listed<\/span><span data-preserver-spaces=\"true\"> on its platform to determine whether it meets quality, safety, or market relevance standards. Based on its recent examination, it <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/0274f9d47da1437990bc13eb17b0ec99\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">decided<\/span><\/a><span data-preserver-spaces=\"true\"> to terminate all trading services with Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The delisting <\/span><span data-preserver-spaces=\"true\">is scheduled<\/span><span data-preserver-spaces=\"true\"> for May 2, when <\/span><span data-preserver-spaces=\"true\">all sport trading pairs involving the <\/span><span data-preserver-spaces=\"true\">aforementioned tokens<\/span><span data-preserver-spaces=\"true\"> will be removed<\/span><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201c<\/span><span data-preserver-spaces=\"true\">The token\u2019s valuation will no longer be displayed<\/span><span data-preserver-spaces=\"true\"> in users\u2019 accounts after delisting. To view their assets after trading ceases, users should ensure they have not selected \u201cHide Small Balances\u201d in all (of) their accounts,\u201d the company clarified.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Binance explained that deposits involving these assets will not be credited to users after May 3, whereas withdrawals will become unavailable from July 4.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cDelisted tokens may be converted into stablecoins on behalf of users <\/span><span data-preserver-spaces=\"true\">after 2025-07-05 03:00<\/span><span data-preserver-spaces=\"true\"> (UTC). Please note that the conversion of delisted tokens into stablecoins is not guaranteed,\u201d the disclosure reads.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Somewhat <\/span><span data-preserver-spaces=\"true\">expectedly<\/span><span data-preserver-spaces=\"true\">, the news triggered a <\/span><span data-preserver-spaces=\"true\">Haupt<\/span><span data-preserver-spaces=\"true\"> price decline for the affected cryptocurrencies. VIB and WING crashed by 42% and 36%, respectively, while ALPACA and PDA witnessed less substantial plunges.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Reactions of that type are something normal. After all, withdrawn support from Binance leads to reduced liquidity and visibility. It can also trigger fear and uncertainty by damaging their reputation, prompting increased selling pressure.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A similar thing <\/span><span data-preserver-spaces=\"true\">was observed<\/span><span data-preserver-spaces=\"true\"> earlier this month when the exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-delists-these-altcoins-triggering-a-price-meltdown-details-here\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">scrapped<\/span><\/a><span data-preserver-spaces=\"true\"> 14 altcoins from its platform. Some <\/span><span data-preserver-spaces=\"true\">of the<\/span><span data-preserver-spaces=\"true\"> affected ones, including CREAM, recorded a whopping decrease of almost 60% after the announcement.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Pumping Effect<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Conversely, embracing a <\/span><span data-preserver-spaces=\"true\">certain<\/span><span data-preserver-spaces=\"true\"> cryptocurrency in one way or another from Binance often results in a significant rally. Such was the case with DeepBook (DEEP), whose price <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">jumped<\/span><\/a><span data-preserver-spaces=\"true\"> by double digits earlier this week after the trading venue launched the DEEP\/USDT perpetual contract with up to 50x leverage.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other examples include Cat in a Dogs World (MEW), whose valuation <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/cat-themed-meme-coin-soars-after-binance-boost-heres-what-happened\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">headed north<\/span><\/a><span data-preserver-spaces=\"true\"> after the company placed it in its pre-listing selection pool, Binance Alpha, and Tutorial (TUT), which <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/wild-swings-hit-these-meme-coins-after-surprise-binance-listings-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">skyrocketed<\/span><\/a><span data-preserver-spaces=\"true\"> by 130% following inclusion in the Binance Simple Earn section.<\/span><\/p>\n<p>Der Posten <a href=\"https:\/\/cryptopotato.com\/massive-price-drops-for-these-altcoins-after-binance-withdraws-support\/\" rel=\"nofollow\">Massive Price Drops for These Altcoins After Binance Withdraws Support<\/a> erschien zuerst auf <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">KryptoKartoffel<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Binance unveiled its next delisting effort, causing an immediate market fallout for the involved digital assets. In contrast, tokens gaining support from the exchange usually experience strong rallies, highlighting the platform\u2019s powerful influence over short-term price action. These Assets Take a Blow The world\u2019s leading crypto exchange periodically reviews each asset listed on its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Massive Price Drops for These Altcoins After Binance Withdraws Support - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/de\/massive-price-drops-for-these-altcoins-after-binance-withdraws-support\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massive Price Drops for These Altcoins After Binance Withdraws Support - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Binance unveiled its next delisting effort, causing an immediate market fallout for the involved digital assets. In contrast, tokens gaining support from the exchange usually experience strong rallies, highlighting the platform\u2019s powerful influence over short-term price action. 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