Binance warns traders on April 11 to register multiple spot trading pairs featuring tokens such as ACT, Alpha, Blur, and Pengu.
According to a notification posted on April 9, Crypto Exchange has declared it will abolish multiple spot trading pairs, with the majority of spot trading pairs tied to Bitcoin (BTC) and Binance Coin (BNB). Starting April 11th at 3:00 UTC, Binance will no longer support ACT/BRL, Alpha/BTC, Blur/BTC, CELR/BTC, PENGU/BNB, POND/BTC, and RUNE/BNB transactions.
At the same time, Crypto Exchange will also end the spot trading bot service for the spot trading pair mentioned in the announcement. Therefore, traders should update or cancel spot trading bots linked to the pair prior to the registration date to avoid suffering from potential losses.
Shortly after the announcement was made public, the tokens included in the delisted spot trading pair found modest profits for the most part. Pudgy Penguin’s Penguin’s Penguin (Pengu) did not see price movements an hour after the notification, while AI The Ai Prophecy (Act) rose 1.1% in price.
ACT price list following Binance Notice April 9, 2025 | Source: crypto.news
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Meanwhile, Thorchain’s Rune Token increased by 1.3%, while CELR and Blur increased by 0.2% and 0.1%. The only token to experience a decline in value after the announcement of delisting was the pond, down 0.7%.
The reason behind the decision to abolish each spot trading pair has not been clearly stated, but the exchange said it cited it. These factors were discovered during regular reviews of internal teams for listed spot trading pairs.
The announcement of the listing comes days after the team behind the team announced they would begin investigating sharp token price drops on Binance. On April 1st, ACT/USDT fell nearly 50% within 30 minutes of trading on the platform.
Not only that, but several other Altcoin trading pairs also experienced drops ranging from 20% to 50% on Binance from April 1 to April 3.
read more: ACT Team begins a survey of nearly 50% price drops in Binance
