#HIFI/USDT #RedSeptember
🥶 Binance Remove $HIFI Coin 😲
🚨 New update 🚨
the Hifi Finance (HIFI) token, along with BakeryToken (BAKE) and Self Chain (SLF), is being delisted. The official date for the delisting of all spot trading pairs is September 17, 2025.
1. 🔍 Lack of Standards😲
Binance regularly reviews all listed cryptocurrencies to make sure they meet "a high level of standard and industry requirements." The exchange's announcement explicitly states that after their most recent review, HIFI and the other tokens no longer met these standards.
2. 📋 Review Factors
Binance's review process looks at a variety of factors to protect users and maintain a healthy market. Some of the reasons a token might fail this review include:
Commitment of the project team: Is the team still actively working on the project? 👷♂️
Quality of development activity: Are they pushing out updates and improvements? 💻
Trading volume and liquidity: Is there enough activity to support a stable market? 📉
Network stability and safety:
Is the blockchain secure from attacks? 🛡️
Public communication and engagement: Is the team transparent and in touch with the community? 🗣️
Regulatory changes: Have new regulations made the token non-compliant? ⚖️
3. ⏰ The Delisting Timeline
The delisting process isn't instant. Here are some key dates to be aware of:
September 17, 2025: All spot trading pairs for HIFI will be removed, and all trade orders will be automatically canceled. 🛑
September 18, 2025: Deposits of HIFI will no longer be credited to your account. 💰➡️🚫
November 17, 2025: Withdrawals of HIFI will no longer be supported. withdrawal window is closing. ⏳
4. 📉 Market Impact
Following the announcement, the price of HIFI, BAKE, and SLF dropped significantly. This is a common reaction, as a Binance delisting often leads to a massive loss of trading volume and liquidity for a token. It can be a very serious event for a project
