Cautionary Tale? Hifi Finance (HIFI) Spikes Over 500% Ahead of Binance Delisting

Binance has revealed that it will delist Hifi Finance (HIFI), BakeryToken (BAKE), and Self Chain (SLF) this month. The exchange said the removal follows a scheduled review of assets listed on its platform. Despite the delisting decision, HIFI experienced an unexpected rally. The token jumped more than 500% on Saturday, reaching a value above $0.8, according to CoinGecko.

The surge was accompanied by a sharp rise in trading activity. HIFI’s 24-hour volume hit $892 million, a 2,434% increase from the previous day.

The unusual market behavior has left many observers puzzled. While some view it as speculation, others warn that it signals risky volatility.

Delisting Timeline and Service Adjustments

Hifi Finance was once seen as a leading decentralized finance (DeFi) project offering fixed-rate borrowing and lending services. Yet, activity around the platform has slowed, reducing engagement and momentum over recent months.

In light of this, Binance explained the criteria behind its asset reviews and delisting decisions. These include liquidity levels, project development, security standards, and the responsiveness of teams to due diligence checks.

As a result, spot trading pairs for HIFI, BAKE, and SLF will be removed on September 17. All open orders connected to these pairs will be canceled at that time.

Other services linked to the assets will also wind down ahead of the delisting. Spot copy trading will close on September 10, while related bots will be deactivated.

From September 18, Binance will stop crediting deposits of the delisted tokens. Withdrawals, however, will remain available until November 17 before final settlement measures are introduced.

In certain cases, Binance may convert delisted assets into stablecoins on behalf of users. The exchange noted that such conversions are not guaranteed and would require separate announcements.

Service Shutdowns Ahead of Delisting

The removal also extends beyond spot trading, reaching several other Binance products. Margin services, Simple Earn, mining pools, and loan offerings will gradually wind down support for the affected tokens.

Simple Earn already redeemed holdings on September 10, while Binance Pool stopped mining support a day earlier, on September 9. Margin pairs for HIFI, BAKE, and SLF are now set to close completely on September 17, with borrowing and transfers already disabled.

Lending products have also been affected. VIP Loan and Flexible Loan services ended on September 9, closing open positions and moving balances to spot wallets.

Dual Investment products tied to these tokens are also set to close. Unsettled subscriptions will be refunded directly to user accounts.

Unlike these services, Binance confirmed that futures markets for HIFI, BAKE, and SLF will remain active for now. However, the exchange may adjust risk measures such as leverage, funding rates, or price indexes if volatility escalates.

Community Reactions and Project Response

The unusual rally following the delisting news has added more uncertainty. Some market watchers suggest the surge may target short positions, while others interpret it as speculative activity.

Market commentator Pius Paul shared his thoughts on the unusual price behavior. He warned participants to approach carefully, noting that the delisting date leaves little room for safety.

In response to the uncertainty, Hifi Finance addressed its community in a blog post. The team said it plans to maintain core infrastructure and remain professional in communication despite setbacks.

The post also rejected allegations that the project is fraudulent. Hifi said it understands user frustration but emphasized that it remains committed to dialogue and support.

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