Binance, one of the world's largest cryptocurrency exchanges, announced its delisting decision for six different altcoins. According to the official statement, spot trading for Beefy.Finance (BIFI), FIO Protocol (FIO), FunToken (FUN), Measurable Data Token (MDT), Orchid (OXT), and Wanchain (WAN) will end on April 23, 2026.
Delisting decision after comprehensive review by Binance
Binance stated that it periodically evaluates the assets it lists and considers various criteria in this process. These criteria include the commitment of project teams, the quality of development activities, trading volume and liquidity, network security, community interaction, and regulatory compliance. Sudden changes in the token economy or structural transformations in the project also affect the evaluation process.
As a result of these reviews, the exchange decided to delist the six tokens in question because they did not meet the current standards or could not adapt to market conditions. As part of the decision, all relevant spot trading pairs will be delisted and open orders will be automatically canceled. Sharp price drops were observed.
Following the delist decision, a rapid price reaction was seen in the markets. According to shared data, BIFI lost approximately 23% of its value in the last 24 hours, falling to the $79 level. FIO Protocol saw a drop exceeding 24%, with the price falling to $0.0048.
One of the sharpest drops was seen in FunToken. FUN lost approximately 40% of its value in the last 24 hours, falling to the $0.00088 level. Similarly, Measurable Data Token (MDT) experienced a drop of around 27%, while Orchid (OXT) lost 16% and Wanchain (WAN) lost over 6%. Looking at the charts, it is seen that sudden and sharp sell-off candles formed, especially in the morning hours, followed by a more horizontal and weak recovery process.
Futures and other products are also affected
Binance announced significant changes not only for spot trading but also for futures and other financial products. Accordingly, futures contracts for the relevant tokens will close on April 15, 2026, and positions will be automatically liquidated. Users are advised to close their positions before this date.
Similarly, margin trading, lending, staking, and Simple Earn products will also be gradually phased out. It is stated that, especially in margin trading, if users do not close their positions in advance, the system may automatically liquidate them.
Critical dates for users
Binance emphasized that users should pay attention to certain dates to avoid any inconvenience. Spot trading will end on April 23, while deposit transactions will not be supported after April 24. Withdrawal transactions will continue until June 23, 2026.
The exchange also stated that the delisted tokens may be converted to stablecoins in the future, but this is not guaranteed. Therefore, it is important for users to manage their assets in advance and complete necessary transactions in a timely manner.
