SYS – one of the affected currencies – fell by 34% within a day.
Many leading cryptocurrencies have seen some volatility over the past 24 hours, yet their price fluctuations cannot compare to the devastating collapse experienced by five lesser-known altcoins.
The reason behind this collapse was Binance, which recently announced its latest effort to delist it.
Severe bleeding
The world’s largest cryptocurrency exchange revealed that it has conducted another review to ensure that all coins listed on the platform meet high standards and industry requirements. Based on his analysis, it is decided To wrap up all services include Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS).
The deletion will take place on May 27, with Binance clarifying that deposits of these tokens will not be credited to user accounts after May 28. Furthermore, withdrawals will remain available until July 27th.
The news caused a significant drop in the coins involved. They all fell by double digits immediately after the reveal, with SYS taking the biggest hit as its valuation fell by 34%.
These price reactions are not surprising, as losing support from a cryptocurrency giant like Binance typically results in reduced liquidity, decreased market visibility, and reputational damage.
In April, BIFI Finance, F.CUnmarked (FUN), FIO (FIO) protocol, Orchid (OXT), Measurable Data Code (MDT), and WAN to publish Similar losses after the stock exchange removed it from its platform. Soon after, Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) meet Same fate.
You may also like:
Other recent updates
Earlier this week, Binance included Trading pairs MEGA/U, TON/U, and TON/USD1 to its margin program. The initiative once again focused primarily on United Stables (U) – a stablecoin launched in late 2025 and pegged to the US dollar.
And exchanged over the past months Expanded List of trading pairs on Binance Spot by adding XRP/U, SUI/U, ASTER/U and PAXG/U. It is too Included AVNT/U, BIO/U, CHIP/U, KAT/U, CHIP/USD1, XAUT/USD1 on the cross margin.
Only recently, that Announce Users can spend U tokens using their Binance cards and earn 15% cashback. The offer comes with no conversion fees and 0 foreign exchange (FX) fees.
The company explained that the reward will be distributed in the form of tokens determined by the company, in its sole discretion, before June 30. She added that the cashback is non-transferable and non-exchangeable, and cannot be exchanged for cash or any other interest.
