Binance Shakes Up the Market: Major Spot Trading Pairs Set for Delisting!

Countdown to Delisting: April 11 Looms Large

Hang onto your hats, crypto traders! Binance just dropped a bombshell, announcing the delisting of a slew of spot trading pairs come April 11. We're talking about tokens like ACT, ALPHA, BLUR, PENGU, and more getting the boot. Brace yourselves!

Binance's Bold Move: What's Getting Axed?

Straight from a notice that hit the wires on April 9, Binance is pulling the plug on a bunch of spot trading pairs, mostly hitched to Bitcoin (BTC) and Binance Coin (BNB). Come April 11 at 03:00 UTC, say goodbye to trading ACT/BRL, ALPHA/BTC, BLUR/BTC, CELR/BTC, PENGU/BNB, POND/BTC, and RUNE/BNB. It's a crypto cull, folks!

Trading Bots on the Chopping Block Too

But wait, there's more! Binance isn't just stopping at delisting. They're also yanking the plug on spot trading bot services for these doomed pairs. So, if you've got bots set up, you better hustle and update or cancel them before the delisting date hits, or you might be staring down some serious losses.

Market Reacts: Tokens Show Resilience

Despite the delisting news hitting like a ton of bricks, the tokens in question didn't just roll over. Most of them actually saw some modest gains right after the announcement. Pudgy Penguin's PENGU (PENGU) didn't budge an inch an hour after the notice, while Act I the AI Prophecy (ACT) actually popped up by 1.1%.

Token Ticker: Who's Up, Who's Down?

THORChain's RUNE token wasn't left behind, climbing 1.3%, and CELR and BLUR edged up by 0.2% and 0.1% respectively. But it wasn't all sunshine and rainbows; POND took a hit, dropping 0.7% after the news broke.

Why the Ax? Binance Keeps It Vague

Binance isn't spilling all the beans on why these pairs are getting the chop, but they did mention it's due to "multiple factors, such as poor liquidity and trading volume." Apparently, these red flags popped up during their regular spot trading pair reviews. Keep your eyes peeled for more details!

ACT's Rollercoaster Ride: From Plummet to Probe

And if you thought that was all the drama, think again. Just days before this delisting drama, the team behind ACT announced they're diving into an investigation after their token took a nosedive on Binance. On April 1, ACT/USDT crashed nearly 50% in just half an hour. Talk about a wild ride!

Altcoins on a Slippery Slope

But ACT wasn't the only one feeling the heat. From April 1 to April 3, a bunch of other altcoin trading pairs on Binance took hits ranging from 20% to 50%. It's been a rough few days in the crypto world, and it looks like the turbulence isn't over yet!