Binance's Delisting Vote Stirs Turbulence for Top Altcoins
Apr 17, 2025, 11:29 a.m.
5 sources
negative
Binance, the world’s largest cryptocurrency exchange, recently conducted a vote asking users to decide which altcoins should be listed or delisted. The results revealed that the top five altcoins receiving the most votes were FTT with 11.1%, ZEC with 8.6%, JASMY with 8.6%, GPS with 8.2%, and PDA with 7.6%. Notably, the inclusion of the privacy-focused altcoin ZEC in the delisting vote has ignited significant backlash within the industry. Binance clarified that the outcome of the vote is not the final determiner for delisting decisions, as additional factors, including comprehensive project evaluations and the exchange’s internal review processes, will also be considered. The timing of any delisting actions will depend on Binance’s procedures, leaving the future of these altcoins, particularly those voted for delisting, mired in uncertainty and potential short-term volatility.
FTT, receiving the highest delisting vote percentage at 11.1%, is expected to face significant short-term volatility and selling pressure. The negative sentiment stemming from the community vote, combined with historical reactions to delisting scenarios, suggests a low immediate likelihood of price increase (estimated rating: 3/10). Long-term trends will largely depend on Binance's final review process and overall market conditions.
ZEC’s inclusion in the delisting vote has triggered considerable backlash, increasing uncertainty and short-term volatility. The coin may see pronounced downward pressure due to adverse sentiment and heightened regulatory concerns, with a low chance for immediate recovery (estimated rating: 3/10). Its long-term recovery will depend on regulatory developments and Binance’s subsequent decisions.
JASMY
JASMY, garnering 8.6% of the vote, might experience moderate short-term volatility amid market uncertainties. While the delisting discussion has introduced some negative sentiment, a reversal in the final review process could stabilize the price over time, suggesting a slightly better outlook (estimated rating: 4/10).
GPS
With 8.2% of votes, GPS is likely to encounter short-term fluctuations and negative market sentiment. Although the immediate impact may be milder compared to the top-voted coins, ongoing uncertainty could continue to pressure prices, yielding a modest short-term recovery potential (estimated rating: 4/10).
PDA
PDA, at 7.6%, is expected to experience some immediate price pressure as investors react to the delisting vote. The uncertainty surrounding Binance’s final decision could lead to short-term volatility and a limited chance for rapid price gains (estimated rating: 3/10).
Sources
Binance’s Community Vote Puts 17 Altcoins at Risk of Delisting
Beincrypto
17.04.2025 05:28
Binance's "Which Altcoin Should Be Delisted" Vote is Out! Here Are the Top Five Altcoins! – The Altcoin That Gained a Big Backlash is Also on the List!
Bitcoin Sistemi
17.04.2025 07:25
FTT and These Altcoins to Be Delisted From Binance Next?
cryptopotato.com
17.04.2025 11:02
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