Binance to Delist ALPACA, PDA, VIB, and WING Tokens on May 2

Binance, one of the largest cryptocurrency exchanges globally, has announced its plans to remove all spot trading pairs for four tokens: Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING). This decision is part of Binance’s regular token review process and will take effect on May 2, 2025, at 03:00 UTC.

Details of the Delisting

According to Binance, all spot trading pairs involving these tokens will be removed, and any open orders will be automatically canceled at the time of delisting. Additionally, the exchange will disable its spot trading bots for these tokens. Users are advised to cancel or update their active trading bots before the cutoff to prevent potential losses.

Beyond spot trading, Binance will also phase out support for these tokens across other services, including Margin, Futures, Loans, Simple Earn, Pay, Convert, and Dual Investment. Withdrawals for these tokens will remain available until July 4, 2025. After that, any remaining balances may be converted to stablecoins starting July 5, although this is not guaranteed.

Why Binance Is Delisting These Tokens

The decision to delist ALPACA, PDA, VIB, and WING stems from Binance’s periodic evaluation of listed assets. The exchange stated that it considers several factors during its review process, including:

  • Project development progress
  • Trading volume and liquidity
  • Community engagement and team commitment
  • Regulatory compliance and risk management

These reviews help Binance ensure that all listed tokens meet its standards and align with its commitment to providing a secure and efficient trading environment.

Market Reaction to the Announcement

The delisting news had an immediate impact on the market performance of the affected tokens. Within hours of the announcement:

  • PlayDapp (PDA): The Web3 gaming platform token dropped by 19%.
  • Viberate (VIB): A music-focused blockchain platform token saw a steep decline of 34%.
  • Wing Finance (WING): The credit-based DeFi platform token fell by 25%.

Interestingly, Alpaca Finance (ALPACA) experienced a more volatile reaction. Initially, the token dropped by 20%. However, it rebounded quickly, surging by as much as 70%. This unexpected recovery may have been driven by traders capitalizing on the dip or sudden shifts in liquidity following the announcement.

Context: Binance’s Token Delisting History

This recent delisting follows previous controversies involving Binance’s token management. Notably, the exchange faced criticism after the token AERGO experienced a significant crash, dropping over 70% shortly after it was listed on Binance Futures. This sparked speculation about potential market manipulation and coordinated sell-offs. Binance had delisted AERGO’s spot trading pair weeks prior, only to relist it for leveraged futures trading just before the price collapse.

Steps for Affected Users

If you hold ALPACA, PDA, VIB, or WING tokens on Binance, here’s what you should do:

  • Cancel or update any active spot trading bots for these tokens before May 2, 2025.
  • Withdraw your token balances before July 4, 2025, to avoid potential conversion or loss of funds.
  • Monitor Binance’s announcements for any further updates regarding these tokens.

As always, staying informed and acting promptly can help you navigate changes in the cryptocurrency market effectively.

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