Binance's decision to delist these coins is a result of its periodic review of assets on its platform, according to the platform's announcement. Key factors considered during the review included the project's team commitment, development progress, trading volume, network security, community involvement, regulatory compliance, and others.

The platform explained: “When a coin or token does not meet these criteria or the industry landscape changes, we conduct a more in-depth review, and we may delist it. Our priority is to ensure the best services and protection for our users while continuing to adapt to evolving market dynamics.”

Deposits for ALPHA, BSW, KMD, LEVER, and LTO will stop on July 5 at 3:00 AM (UTC). Withdrawals will cease on September 3. Binance services, such as Simple Earn, Dual Investment, and gift cards, will also stop supporting these coins.

It is worth noting that while spot trading services for these coins will cease, futures trading will remain unaffected.

Trading contracts for the aforementioned coins will not be affected, and users can continue trading. To protect users and prevent potential risks in highly volatile market conditions, Binance Futures may take additional precautionary measures regarding the contracts for the aforementioned coins without any further announcements, according to the platform.

The announcement of the delisting has caused significant market volatility, with the greatest impact on LTO and KMD. The latter experienced its largest drop, with a price decrease of 50%. Despite recovering from its low of $0.041 to $0.068 in the past hours, its price remained down by 17%.

Low-value digital currencies (LTOs) followed with a price decrease of 42.8%. After decreasing by 82.8% over the past year, the digital currency has slightly recovered and reduced its losses, dropping by 15.4% in the past hour.

Performance of ALPHA, BSW, KMD, LEVER, and LTO prices

Meanwhile, ALPHA and BSW saw relatively smaller declines, though still in double digits, at 17.6% and 15%, respectively. LEVER was the least affected, with a more modest decline of 7.8%.

However, its recovery was notable, as it quickly compensated for its losses. Prices of ALPHA, BSW, and LEVER rose by14.7%, 28.6%, and 8.6%, respectively.

$ALPHA $BSW $KMD

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