Binance, the world’s largest cryptocurrency change by buying and selling quantity, has concluded its second spherical of the community-driven “Vote to Delist” marketing campaign. The FTX Token (FTT), the native token of the now-bankrupt FTX change, has emerged as the highest candidate for delisting.
In accordance with an announcement on Binance Sq., the voting interval ran from April 10, 2025, at 04:00 UTC to April 16, 2025, at 23:59 UTC. Notably, FTT garnered 11.1% of the votes.
Will Binance Delist FTT?
The “Vote to Delist” and “Vote to Record” initiative is a part of Binance’s broader effort to contain its neighborhood in platform governance. The previous permits customers to vote on tokens flagged with a Monitoring Tag.
These tokens are sometimes recognized as having greater volatility or dangers, prompting Binance to guage their continued itemizing. Whereas neighborhood votes play a big position, the change emphasised that last delisting selections may even depend upon its inner evaluate standards.
“The voting outcome is not going to be the only deciding issue to find out the ultimate delisting resolution. Monitoring of the undertaking remains to be present process analysis, and the choice shall be decided by Binance primarily based on our official evaluate processes and requirements. Moreover, the delisting timeline will depend upon Binance’s procedures,” Binance famous.
Nonetheless, FTT’s place on the prime of the record of 17 tokens places it at substantial danger of being dropped from Binance. It has been beneath scrutiny since FTX’s collapse in November 2022. Furthermore, the token has been present process a dominant downtrend for the reason that starting of the yr.
In accordance with the most recent information, FTT’s value has dropped by 4.1% over the previous day. At press time, it was buying and selling at $0.81. This decline aligns with broader market reactions to delisting dangers, as seen within the first spherical of voting.
Different tokens included in Binance’s second voting spherical additionally noticed important neighborhood pushback. Zcash (ZEC) and JasmyCoin (JASMY) obtained 8.6% of the votes every. In the meantime, GoPlus Safety (GPS) and PlayDapp (PDA) adopted with 8.2% and seven.6%, respectively.
Additional down the record, Voxies (VOXEL) obtained 7.1% of the votes, adopted by Alpaca Finance (ALPACA) with 6.3%. STP Community (STPT) obtained 5.9%, and Flamingo Finance (FLM) attracted 4.3%.
These tokens additionally noticed notable value declines. JASMY and STPT led the pack, each dipping by round 6%, whereas different altcoins skilled extra modest downticks.
The record additionally featured ARK (ARK) with 5.8% votes and Biswap (BSW) with 5.5%. MovieBloc (MBL) earned 4.2%, and Wing Finance (WING) obtained 3.8%. Ardor Platform (ARDR) earned 3.6%, whereas Perpetual Protocol (PERP) obtained 3.4%. Lastly, NKN (NKN) and LTO Community (LTO) garnered 3.2% and a pair of.9%, respectively.
Whereas voting outcomes are provisional, the result may sign additional difficulties for FTT and different flagged tokens. Market individuals at the moment are carefully monitoring Binance’s last resolution.
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