Binance, the largest cryptocurrency exchange in the world by trading volume, is one of the major influencers in the crypto market. Its decisions regarding the listing or delisting of cryptocurrencies often cause significant volatility, especially concerning altcoins.
Recently, Binance announced placing three altcoins under "watch," indicating the possibility of delisting them from the platform if their performance does not improve. Here’s everything you need to know about these coins, the reasons for this decision, and its potential impacts.
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🔍 Which coins are at risk of delisting?
1. BAKE (BakeryToken)
The project: The BakerySwap platform, a DeFi project on the BNB Smart Chain offering decentralized trading, liquidity mining, and NFTs.
The problem: a sharp decline in trading volume and a drop in development activity compared to its strong launch phase in 2021.
2. IDEX (IDEX Token)
The project: A decentralized trading platform based on Ethereum and other chains, aimed at combining the centralized exchange experience with blockchain decentralization.
The problem: declining liquidity amid fierce competition from Uniswap and SushiSwap.
3. SLF (SelfKey)
The project: Focused on decentralized digital identity management, giving users full control over their data.
The problem: weak adoption and lack of updates despite innovative launches.
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🛑 Why are coins placed under "watch" on Binance?
On July 7, 2025, Binance classified these three coins under the "watchlist" based on criteria including:
📉 Decreased liquidity and trading volume
🔧 Weak technical development
🧑🤝🧑 Weak community support
📜 Regulatory compliance issues
🔐 Security vulnerabilities in the network
> Placing the coin under watch means that Binance may delist it soon if the project does not show tangible progress during the follow-up period.
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📉 What are the implications of this decision?
Sudden price drop: Investors often start selling their holdings out of fear of delisting, leading to significant declines.
Loss of trust: A negative signal to the community and potential investors.
Liquidity decline: Delisting limits the coin's access to markets, weakening its market value.
A final opportunity for the project: Some projects take advantage of this phase to improve and regain trust.
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📌 What should you do as an investor or trader?
✅ Monitor Binance's official updates
✅ Assess your portfolio: Are you holding BAKE, IDEX, or SLF? Review your decision, especially if you are looking for short-term investments.
✅ Consider switching to more stable coins like ETH or BNB or stablecoins (USDT, USDC).
✅ Keep up with project developments: Are there any new updates? Has the level of community engagement improved?
✅ Avoid excessive risk-taking: These coins are now subject to a re-evaluation test every 90 days, considered high-risk investments.
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🧠 Lessons from the past: What happened to previously delisted coins?
In June 2025, Binance delisted five coins including ALPHA and KMD, causing declines of up to:
🔻 -50% for KMD
🔻 -42.8% for LTO
In June 2024, OMG, WAVES, and XEM were delisted, experiencing declines ranging from -25% to -30% following the delisting announcement.
> Summary: The delisting decision is not just a technical measure, but it could be a knockout blow for the project and its market price.
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🧭 Summary and smart strategy
The placement of BAKE, IDEX, and SLF under watch should be seen as a serious warning. In the crypto market, survival of the fittest. Therefore:
Do not invest driven by emotion or mere hope.
Monitor developments and updates.
Stick to transparency and facts.
Don't hesitate to exit when danger signals appear.
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📌 Do you own any of these coins?
Share your opinions or inquiries in the comments!