
Binance Triggers Significant Declines in Multiple Altcoins Following Major Announcement
Following a key announcement, several altcoins experienced severe price drops, some over 80%.
The world’s largest cryptocurrency exchange made a significant announcement regarding the delisting of multiple altcoins, which led to drastic price drops in the affected cryptocurrencies.
The Binance Impact
Binance Alpha, part of the exchange’s ecosystem focusing on new crypto projects, announced the removal of 21 altcoins including WorldShards (SHARD), FreeStyle Classic (FST), Alliance Games (COA), and BNB Card (BNB Card).
Following this news, many of the impacted tokens suffered significant losses, with MILK and SHARD declining by 6-7% while FST and BNB Card plummeted by as much as 70-80%.
This type of response is not uncommon when Binance, as the leading crypto exchange, withdraws its support, leading to decreased liquidity and a tarnished reputation for the delisted assets. Previously, similar reactions occurred in late 2025 when Binance ceased all services with Kadena (KDA), Flamingo (FLM), and Perpetual Protocol (PERP).
Further Actions by Binance
Earlier this week, Binance also paused withdrawals and deposits on the Ethereum network temporarily, a procedure they have conducted effectively on various occasions to support upgrades across multiple ecosystems including Cardano and the BNB Smart Chain.
Recent announcements have also expanded Binance’s trading options, incorporating the stablecoin U (United Stables) among other pairs.
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