Binance to delist these altcoins on May 2, here’s how they’re doing

Binance has announced that it will remove all spot trading pairs for ALPACA, PDA, VIB, and WING tokens on May 2.

According to a notice published on April 24, the crypto exchange said it will remove all trading pairs linked to Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING) as part of its latest round of token reviews.

The delisting will take effect on May 2, 2025, at 03:00 UTC, and any open orders on the affected pairs will be automatically canceled at that time.

Binance will also pull the plug on its spot trading bots for these tokens, so users are advised to cancel or update any active bots before the cutoff to avoid unnecessary losses.

Alongside the delisting, support for these tokens across other Binance products will be phased out in the days leading up to the main deadline. This includes Margin, Futures, Loans, Simple Earn, Pay, Convert, Dual Investment, and more.

Withdrawals will stay open until July 4, following which any leftover balances may be converted to stablecoins starting July 5, though that isn’t guaranteed.

As to why Binance is axing these tokens, the exchange explained that it was part of its regular review process to ensure all listed assets continue to meet its standards. Factors like project development, trading volume, community engagement, team commitment, and regulatory compliance were reportedly considered during this review.

Right after the announcement dropped, three of the tokens took a big hit. PlayDapp (PDA), a Web3 gaming platform, fell 19% within an hour. Viberate (VIB), a music-focused blockchain platform, dropped 34%, and Wing Finance (WING), a credit-based DeFi platform, slid 25%.

However, Alpaca Finance (ALPACA) had a different story as though it dipped 20% at first, it quickly bounced back and surged as much as 70%. Some traders likely jumped in on the dip, or the price spike may have come from sudden shifts in liquidity after the news.

The latest delisting follows fresh accusations against Binance after AERGO crashed over 70% just hours after debuting on Binance Futures, sparking speculation of manipulation and coordinated sell-offs. Notably, Binance had delisted AERGO’s spot pair weeks earlier, only to relist it for leveraged futures trading shortly before the sudden plunge.