Binance Announces Delisting of Three Altcoins Amid Market Reshuffle

Binance announced Tuesday it will delist three altcoins from its platform, effective November 12, 2025, at 3:00 UTC. Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) will have all spot trading pairs removed as the exchange continues periodic reviews to maintain high operational standards.

The decision reflects Binance’s ongoing effort to ensure all listed assets meet evolving industry requirements and regulatory frameworks. According to the official announcement, when tokens no longer align with listing criteria or market conditions change significantly, the exchange removes them to protect user interests.

Market reactions proved unpredictable. While KDA and PERP saw immediate price crashes, FLM defied expectations by surging nearly 20% following the delisting news, creating confusion among traders about whether this represents a speculative opportunity or manipulation warning signs.

Why These Tokens Were Delisted

Binance cited its standard review process but did not specify the exact reasons for removing FLM, KDA, and PERP. The exchange periodically evaluates digital assets based on multiple factors, including project commitment, development activity, trading volume, network stability, and responsiveness to compliance requests.

Industry observers note that insufficient liquidity and declining trading volumes often precede delistings. For businesses managing crypto for business operations, understanding exchange listing criteria becomes crucial when selecting assets for treasury or payment purposes.

The timing coincides with increased regulatory scrutiny across global crypto markets. European regulations have particularly pushed exchanges toward stricter compliance standards. Binance’s adjustment to these evolving requirements likely influenced the decision to tighten asset quality standards.

Market Reactions Defy Logic

The price movements following the announcement surprised market participants. Kadena dropped sharply while Perpetual Protocol saw significant selling pressure as expected. However, Flamingo bucked the trend entirely.

FLM surged 19.7% immediately after the delisting announcement and continued climbing, reaching gains above 43% within 24 hours according to crypto market tracking data. This counterintuitive reaction recalls September’s Alpaca Finance delisting, which saw ALPACA jump 71% amid similar circumstances.

Flamingo (FLM) 7-day price chart showing a 43% surge following Binance’s delisting announcement. Source: CoinMarketCap.

One trader commented on social media, “Binance will remove FLM on November 12, yet the token has climbed over 43% in the last 24 hours. Big pumps often mean big risk.” The sentiment captures the tension between potential quick profits and manipulation concerns.

Analysts suggest several possible explanations for FLM’s surge. Some point to short-squeeze dynamics as traders holding short positions scrambled to close before delisting. Others highlight potential accumulation by holders believing other exchanges might gain FLM liquidity after Binance’s exit. A darker theory suggests coordinated pump-and-dump schemes targeting uninformed retail traders.

What Holders Need to Do

Binance provided clear timelines for affected token holders. All trading pairs for FLM, KDA, and PERP will cease at 3:00 UTC on November 12, 2025. This includes spot trading, margin, and any futures contracts, depending on what was offered.

Users have until January 12, 2026, at 3:00 UTC to withdraw delisted tokens from Binance to external wallets or other exchanges still supporting these assets. After this date, Binance will no longer support withdrawals for these three cryptocurrencies.

For users who miss the withdrawal deadline, Binance will automatically convert remaining balances to stablecoins on behalf of holders after January 13, 2026. While this protects users from complete asset loss, the conversion may occur at unfavorable prices depending on market conditions.

Traders managing positions through the best crypto wallet services should act before deadlines to maintain control over asset disposition and avoid forced conversions at potentially disadvantageous rates.

Broader Implications for Crypto Markets

Delisting events from major exchanges carry significant weight in cryptocurrency markets. Binance remains the world’s largest exchange by trading volume, meaning its listing decisions dramatically impact token accessibility and liquidity.

When tokens lose Binance support, trading typically migrates to smaller exchanges with lower liquidity and wider bid-ask spreads. This fragmentation makes price discovery less efficient and increases trading costs for remaining holders.

The development underscores the centralized power major exchanges wield despite cryptocurrency’s decentralized ethos. A single platform’s decision can effectively eliminate most trading volume for mid-tier tokens, raising questions about market structure resilience.

For investors monitoring crypto market prices, delisting announcements often signal deeper project issues beyond exchange criteria. Binance’s evaluation process examines technical fundamentals and development activity, so removal frequently reflects deteriorating project viability rather than arbitrary decisions.

Lessons for Token Projects

The delisting serves as a warning for cryptocurrency projects about maintaining exchange listing standards. Consistent development progress, community engagement, and trading volume matter for long-term exchange support.

Projects must also adapt to evolving regulatory requirements. As jurisdictions implement comprehensive crypto frameworks, exchanges face pressure to delist tokens lacking proper compliance structures. Teams that proactively address regulatory concerns improve their chances of maintaining listings.

Communication between project teams and exchanges proves crucial. According to industry analysis, responsive teams addressing exchange concerns quickly often avoid delisting outcomes compared to projects that ignore communications.

Alternative Exchange Options

Following Binance’s delisting, affected token holders can explore alternative platforms. Several exchanges still support FLM, KDA, and PERP trading, though with lower liquidity than Binance provides.

Decentralized exchanges offer another option, allowing peer-to-peer trading without centralized listing requirements. However, DEX liquidity for these tokens may prove limited, resulting in higher slippage for larger trades.

Users seeking to maintain exposure or exit positions should research which platforms offer the best liquidity for their specific needs. Those looking to buy crypto online or diversify holdings might consider more established assets with stronger exchange support.

Moving Forward

Binance’s delisting decision highlights the evolving cryptocurrency landscape where regulatory compliance and operational standards increasingly determine which projects survive. The unpredictable market reactions, particularly FLM’s surge, demonstrate that crypto markets remain immature, with pricing inefficiencies creating both opportunities and risks.

For long-term investors, delistings generally represent warning signals rather than buying opportunities. While short-term speculation might generate profits, the underlying reasons for removal typically indicate fundamental project weaknesses that persist regardless of temporary price pumps.