Binance to Delist ALPACA, PDA, VIB, and WING Tokens
In a recent announcement, Binance revealed its decision to delist spot trading pairs for ALPACA, PDA, VIB, and WING tokens on May 2.
The cryptocurrency exchange stated in a notice released on April 24 that all trading pairs associated with Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING) will be removed as part of its regular token review process.
Effective May 2, 2025, at 03:00 UTC, the delisting will lead to the automatic cancellation of any open orders on the affected pairs. Binance will also discontinue spot trading bots for these tokens, advising users to adjust or cancel active bots prior to the deadline to prevent any potential losses.
Furthermore, support for these tokens across various Binance products, including Margin, Futures, Loans, Simple Earn, Pay, Convert, Dual Investment, and more, will be phased out leading up to the delisting date. Withdrawals will remain open until July 4, with a possibility of converting remaining balances to stablecoins from July 5 onwards, subject to availability.
Reasons for Delisting
The decision to delist these tokens was based on factors such as project development, trading volume, community engagement, team commitment, and regulatory compliance. Binance conducts regular reviews to ensure that listed assets meet its standards and criteria.
Market Impact
Following the announcement, three of the tokens experienced significant price fluctuations. PlayDapp (PDA) dropped 19%, Viberate (VIB) saw a 34% decrease, and Wing Finance (WING) declined by 25%. In contrast, Alpaca Finance (ALPACA) initially dipped 20% but quickly recovered, surging by as much as 70% in a short period.
These delistings come on the heels of recent controversies surrounding Binance, including accusations of manipulation and coordinated sell-offs. AERGO, which crashed over 70% shortly after being listed on Binance Futures, raised suspicions of market manipulation. The exchange had previously delisted AERGO’s spot pair, only to relist it for leveraged futures trading before the sudden price plunge.
It is crucial for traders and investors to stay informed about such developments in the cryptocurrency market to mitigate risks and make informed decisions.