Binance has announced the delisting of six altcoins from its spot trading platform, effective April 23. This decision has precipitated significant and immediate price declines for the affected digital assets, underscoring the substantial impact of major exchange delistings on token valuations.
Key Takeaways
- Binance will cease spot trading for BIFI, FIO, FUN, MDT, OXT, and WAN on April 23.
- FUN experienced the most substantial immediate drop, falling 27%, followed by MDT at 22% and FIO at 20%.
- This follows a previous delisting event on April 1, where eight other tokens were removed.
- Several of the now-delisted tokens had previously been flagged with Binance’s ‘Monitoring Tag’ due to elevated risk and volatility.
Binance Purges Six Tokens in Latest Delisting Wave
The world’s largest cryptocurrency exchange cited its routine review process as the basis for the delisting. This process involves a comprehensive evaluation of various factors, including project development activity, trading volume, network robustness, security protocols, and the commitment of the development team. The exchange emphasized its commitment to maintaining high standards for listed assets and adapting to market dynamics.
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” the exchange stated in a blog post.
The market reacted sharply to the announcement. FunToken (FUN) saw the most significant immediate depreciation, plummeting by 27.93%. Measurable Data Token (MDT) followed with a decline of 22.79%, and FIO Protocol (FIO) experienced a 20.51% drop. Beefy.Finance (BIFI) fell by 8.93%, and Orchid (OXT) saw a 13.42% decrease. Wanchain (WAN) registered the smallest immediate impact, declining by 1.24%.
This latest round of delistings is part of an ongoing trend for Binance. On April 1, the exchange removed eight other tokens from its trading pairs, which also resulted in notable price corrections for assets like Loopring (LRC) and Radiant Capital (RDNT).
Precedent of Monitoring Tags
Notably, several of the tokens affected by this latest delisting had previously been placed under Binance’s ‘Monitoring Tag.’ This tag is applied to tokens exhibiting higher risk profiles and more pronounced price volatility compared to their counterparts. Beefy.Finance (BIFI) and Measurable Data Token (MDT) were flagged in June 2025, while FunToken (FUN) and Orchid (OXT) received similar warnings in March 2026. The Monitoring Tag signals that Binance is conducting ongoing reviews of these assets, with the possibility of delisting if they fail to meet the exchange’s stringent criteria.
According to the portal: beincrypto.com