The world’s largest cryptocurrency exchange, Binance, has sparked a massive sell-off for four lesser-known altcoins after announcing their delisting. Following a routine asset review, the platform will terminate all services for Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX). The delisting is set to take effect on June 19, 2026, but the mere announcement caused each token to plummet by over 25% in a single day.
According to Binance’s statement, the evaluation assessed factors such as team commitment, development activity, trading volume, liquidity, and network stability. The affected projects failed to meet the required standards. COS was the hardest hit, shedding roughly 31% of its value. The removals carry reputational and liquidity consequences, as losing access to Binance’s vast user base typically erodes market depth for these assets.
This is not the first time Binance’s periodic reviews have rocked smaller tokens. A similar wave of delistings a few weeks ago — involving Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) — triggered comparable price collapses. In the current review, Binance additionally removed several trading pairs (AXL/BTC, CRV/BTC, EGLD/BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/BTC), though those moves did not cause significant price drops because full trading services were not halted.
In a separate technical announcement, Binance confirmed it will support the upcoming NEAR Protocol (NEAR) network upgrade and hard fork. The process, scheduled for June 10, will involve a temporary suspension of deposits and withdrawals on the NEAR blockchain. Trading of NEAR tokens will continue without interruption. Binance assured users it will handle all technical requirements and restore services once the upgraded network is deemed stable — a standard procedure that has previously gone without major complications.
