Polygon Upgrade & Altcoin Delisting Shake the Market
Binance has announced that deposits and withdrawals for Polygon (POL) will be paused starting July 1, 2025. This is because the Polygon network is going through a major upgrade called the “Bhilai Hard Fork,” which is meant to improve speed and performance.
At the same time, Binance shared that it will remove five altcoins from the platform by July 4, 2025. These coins are Stella (ALPHA), Biswap (BSW), Komodo (KMD), LeverFi (LEVER), and LTO Network (LTO). This news caused a big drop in their prices — Komodo (KMD) fell by 50%, and LTO dropped 42.8%.
On Binance Square, users are actively discussing what this means for the market and sharing their plans to handle the price changes.