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>>A single major announcement from Binance triggers a severe plunge across many altcoins.

A single major announcement from Binance triggers a severe plunge across many altcoins.

crypthub

1 day ago

Major Delisting and Immediate Fallout

Binance Alpha removed 21 altcoins, including SHARD, FST, BNB Card, MILK and others. The exchange said trading of the tokens will still be possible but urged users to research before buying. Prices plunged shortly after the announcement, with most assets dropping double‑digit percentages.

Market Impact and Historical Parallels

Delisting reduced liquidity and hurt the reputation of the affected coins, mirroring Binance’s 2025 bans on KDA, FLM and PERP that also triggered steep falls. Some tokens, such as BNB Card, fell 70‑80%, while others like MILK slipped 6‑7% daily. The pattern shows that Binance’s support is a key price driver for many low‑volume projects.

Recent Platform Upgrades and New Listings

Earlier this week Binance paused Ethereum withdrawals and deposits to apply an upgrade, a routine step it has taken for Cardano, BNB Smart Chain and other ecosystems. The pause lasted about an hour before normal operations resumed. Meanwhile, the exchange expanded its stablecoin‑U pairs, adding new spot markets for assets such as BNB, ETH, XRP, SUI, AVAX and LINK.