Binance has announced the delisting of four cryptocurrency tokens – Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING) – effective May 2nd at 03:00 UTC. The decision follows a comprehensive review process that assessed the projects’ commitment, development activity, trading volume, liquidity, network stability, transparency, team responsiveness, and alignment with regulatory requirements.
Binance shared this information in an official announcement detailing the delisting criteria. Notably, community input was also considered during the decision-making process.
The tokens experienced significant price fluctuations following Binance’s announcement. A detailed analysis of each token’s performance is provided below:
* **ALPACA (ALPACA):** The token saw a notable market cap drop from $5.9 million to $4.7 million before rebounding to over $12 million and settling at around $0.05, with a market cap of over $7.4 million.
* **PDA (PlayDapp):** PDA experienced a significant decline in value after Binance’s announcement, dropping from $7.5 million to $6.1 million before spiking and settling at around $0.01 with a market cap of $6.5 million.
* **VIB (Viberate):** VIB witnessed a substantial price drop, falling from over $6.4 million to $3.2 million in the aftermath of Binance’s announcement. It has since recovered but is trading above $0.01 with a market cap of $3.1 million.
* **WING (Wing Finance):** The Wing token experienced a 24% decline after the announcement, falling from above $1.2 to $0.85 before settling at over $4.2 million and trading above $0.85 with a market cap of over $4.2 million.
Binance’s decision aligns with their ongoing efforts to maintain a fair and transparent crypto landscape for users.