Binance’s recent announcement to delist three altcoins—Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP)—has sent ripples through the crypto market, triggering a fascinating divergence in their price reactions and putting a spotlight on the profound influence of major exchanges.
A Tale of Three Tokens
The market’s response to the news was anything but uniform. True to the typical delisting pattern, the prices of Kadena (KDA) and Perpetual Protocol (PERP) fell. KDA, which was already under pressure following the Kadena organization’s decision to cease operations, saw its decline deepen. PERP also experienced a drop as the news fueled existing market uncertainties.
In a surprising twist, Flamingo (FLM) defied expectations by surging following the announcement. This counterintuitive pump has raised eyebrows, with some market watchers drawing parallels to the delisting of Alpaca Finance (ALPACA) earlier this year, which was followed by a dramatic but short-lived price surge. As one market observer cautioned, “Big pumps often mean big risk”, suggesting such movements can sometimes indicate market manipulation or a short squeeze in a low-liquidity environment.
Binance’s Rationale and the Road Ahead
This decision is part of Binance’s periodic review process, designed to ensure that all listed assets meet its standards. The exchange evaluates projects based on a range of criteria, including the team’s commitment, trading volume and liquidity, development activity, network security, and regulatory compliance. When a coin or token no longer meets these standards, Binance may delist it to protect its users.
For traders and investors, the key dates to watch are when various services will be discontinued. According to the official timeline, spot trading for all three tokens will cease on November 12, 2025, at 03:00 UTC. Users will have a window to withdraw their assets until January 12, 2026. Other services like margin trading and spot copy trading will be phased out in early November.
Navigating the New Landscape
The delisting from a giant like Binance significantly reduces a token’s accessibility and liquidity. For the affected projects, the path forward involves securing a foothold on other trading platforms and providing clear guidance to their communities.
For holders, this event is a reminder of the volatility inherent in the crypto space and the importance of staying informed about exchange policies. The divergent fates of FLM, KDA, and PERP highlight that while a delisting often spells trouble, market dynamics can sometimes produce unexpected, though risky, opportunities.
