Crypto Market News: Binance Delists 14 Altcoins—Prices Crash Ahead of April 16

Binance has announced the delisting of 14 altcoins, with trading on all related spot pairs scheduled to end on April 16, 2025, at 03:00 UTC. The tokens include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.

This decision follows a community vote and Binance’s standard internal review process. The exchange explained that “after concluding the Vote to Delist and finalizing due diligence checks, Binance will proceed with delisting” the selected tokens. Factors considered included project development, market liquidity, and trading activity.

Price Drops After Announcement

Prices of all 14 affected tokens dropped sharply after the announcement. Many saw double-digit percentage losses as trading volumes surged due to sudden sell-offs. BADGER, BAL, BETA, and CREAM were among the tokens that recorded steep declines.

This price reaction is consistent with previous delisting news from Binance. A recent announcement involving three other tokens—AKRO, BLZ, and WRX—also led to a rapid drop in value. The news has added uncertainty for holders of the affected tokens.

Community Vote and Validity Concerns

According to Binance, the delisting decision included community input. A total of 103,942 votes were submitted by 24,141 users. After verifying votes, only 93,680 were counted as valid. Binance said, 

“Voting outcomes were reviewed thoroughly, with all invalid and ineligible submissions carefully removed before final evaluation.”

Despite the community involvement, some users have raised concerns about the process. There are questions about whether Binance is favoring tokens based on their compatibility with the Binance Smart Chain. Some users online questioned the voting system and its fairness, saying it may have been “too easy to influence.”

What Users Should Do Before the Deadline

All trade orders for the affected tokens will be canceled automatically once trading ends. Binance has urged users to manually cancel or update any trading bots linked to these tokens before April 16. Once delisted, token values will no longer be visible in user accounts.

Users must withdraw all affected assets by June 9, 2025, at 03:00 UTC, as support will end afterward. Post-deadline, remaining balances could be automatically swapped into stablecoins starting June 10.

Deposits of the affected tokens will not be credited to user accounts after the delisting time. Any attempt to deposit the tokens post-delisting will result in permanent loss of funds. Binance noted that forced conversions may apply if tokens cannot be sold.

Final Steps and User Guidance

Binance recommends users take immediate steps to secure their funds. The exchange has stated that all support services related to these tokens will be removed in phases. It has also advised users to monitor their accounts and complete all necessary actions before the deadlines.

As April 16 approaches, users are expected to act promptly to prevent any losses caused by trading restrictions and forced conversions.

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