- Binance has announced that ALPACA, PDA, VIB, and WING will be delisted on May 2.
- ALPACA soared 4% while PDA, VIB, and WING crashed 20%, 40%, and 35%, respectively.
- If TOTAL2 can reclaim $1.03T, the broader altcoin space is expected to skyrocket in the near future.
Binance, the world’s largest cryptocurrency exchange, has announced yet another purge of underperforming and non-compliant tokens from its platform, as per an official statement from the exchange.
Effective May 2nd, 2025, Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING) will cease trading on Binance Spot. Immediate 24hr price impact was mixed: ALPACA gained ~4%, while WING plunged 34.8%, VIB dropped ~40%, and PDA dipped 20%. The announcement stirred some FUD among retail holders.
Industry watchers note that if such delistings from major exchanges become more frequent, it could potentially spark broader panic-selling among retail investors holding other altcoins perceived as risky, particularly those with lower trading volumes or less established use cases.
Why Binance Delists: Maintaining High Standards
Binance emphasized this move is part of regular reviews ensuring listed assets meet high standards.
Tokens are now judged on a wide array of criteria, from development activity and liquidity to community engagement and responsiveness to Binance’s due diligence requests. Any token failing to meet these standards, or showing signs of negligence, unethical behavior, or instability, may face the axe.
Importantly, this impacts services beyond Spot trading. Binance confirmed Futures, Margin, Loans, Simple Earn, Dual Investment, Copy Trading, and Mining Pools will also cease support for these tokens per the timeline.
Related: Binance Tightens South Africa Rules, Requires Crypto Sender/Recipient Data
Technical Analysis: What Does TOTAL2 Say?
The TOTAL2 chart (crypto total market cap excluding BTC) provides valuable insight into broader altcoin momentum. At the time of writing, TOTAL2 sits at $1.01 trillion after a sharp rally, but faces immediate resistance around the upper Bollinger Band.
Bollinger Bands suggest TOTAL2 has just tested the upper band ($1.03 trillion), an area historically associated with short-term pullbacks or volatility. The middle band (20-day SMA) sits at approximately $953 billion, which could serve as near-term support.
Related: KuCoin Lists Initia (INIT) Infrastructure Token, Expands Spot Trading Options
The MACD indicator shows that the MACD line (blue) has crossed above the signal line (orange), and bullish momentum appears to be strengthening. Also, increasing green histogram bars suggest positive short-term momentum for altcoins.
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