Traders are being alerted that multiple spot trading pairs, including tokens such as ACT, ALPHA, BLUR, PENGU, and others, will be removed from the platform on April 11.
A recent announcement revealed that the exchange plans to delist several spot trading pairs, with many of them associated with Bitcoin (BTC) and Binance Coin (BNB). Effective April 11 at 03:00 UTC, trading will cease for pairs including ACT/BRL, ALPHA/BTC, BLUR/BTC, CELR/BTC, PENGU/BNB, POND/BTC, and RUNE/BNB.
Additionally, trading bot services for the affected spot trading pairs will also be discontinued. Traders are advised to either update or cancel their trading bots connected to these pairs prior to the delisting date to prevent potential losses.
Following the announcement, the tokens in the delisted trading pairs generally showed slight increases in value. For instance, Pudgy Penguin’s PENGU remained stable in price an hour after the announcement, while Act I the AI Prophecy (ACT) saw a 1.1% rise.
On the other hand, THORChain’s RUNE token experienced a 1.3% uptick, while CELR and BLUR saw increases of 0.2% and 0.1% respectively. The only token that faced a downward trend was POND, which fell by 0.7% after the announcement.
While the specific reasons for delisting each trading pair were not elaborated, the exchange indicated that it was due to various factors including “poor liquidity and trading volume.” These issues were identified during routine reviews conducted by their internal team.
This announcement follows closely behind the ACT team’s statement that they would be investigating the token’s significant price drop observed on the platform. On April 1, ACT/USDT plummeted by nearly 50% in just 30 minutes of trading.
Moreover, several other altcoin trading pairs also saw price declines ranging from 20% to 50% on the platform between April 1 and April 3.