Binance Delisting Sparks Market Volatility for 3 Altcoins
Binance announced the delisting of FLM, KDA, and PERP, causing mixed market reactions, including a surprising surge for FLM.Summary
Binance, the largest crypto exchange, announced the delisting of three altcoins: Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). Spot trading cessation is scheduled for November 12, 2025, with withdrawals ending January 12, 2026. This decision followed Binance's routine review process assessing assets against criteria like development activity and liquidity. The market reaction was varied: KDA fell 3.43% amid existing headwinds, and PERP dipped 1.37%. However, FLM unexpectedly surged by 19.7%, defying the typical selloff associated with delistings, a reaction reminiscent of a previous delisting that raised market manipulation concerns. Binance confirmed that futures contracts for these tokens will remain available but may face additional risk management.
(Source：BeInCrypto)