#MEMEFI Explodes Nearly 200% Following #Binance Delisting — But Analysts Warn of Short-Term Spike, Long-Term Uncertainty

The cryptocurrency MEMEFI shocked traders on August 7, 2025, with a sudden and sharp rally that saw its price surge nearly 200% in a single day. The cause? Binance’s announcement that it would delist MEMEFI perpetual futures contracts by August 11, triggering a powerful short squeeze and driving record trading volume.

But while the rally turned heads across the crypto community, many analysts remain skeptical, warning that this may be yet another “delisting pump” — a familiar pattern in the volatile world of digital assets.

#Delisting Triggers Short Squeeze: MEMEFI Jumps Nearly 200%

MEMEFI’s rally began in earnest after Binance announced the imminent removal of $MEMEFI perpetual contracts from its futures platform. This news sent shockwaves through the derivatives market, where traders holding short positions rushed to close, unleashing a wave of aggressive buy orders that rapidly drove up the token’s spot price.

According to #CoinMarketCap , MEMEFI’s 24-hour trading volume surpassed $209 million, and its price nearly tripled within a single session. Such rapid spikes are often associated with short squeezes, a phenomenon where heavily shorted assets surge as traders scramble to cover losing positions.

“This kind of price movement is classic for tokens with low liquidity and limited support. It’s mechanically driven, not fundamentally justified,” noted one analyst on X (formerly Twitter).