$BAKE suffered a harsh drop of nearly 35% due to the following points.
1. Confirmation of delisting on Binance
CoinMarketCap reports that on September 3, 2025, Binance announced the delisting of BAKE, scheduled for September 17, 2025. This news triggered a massive panic sell-off, as Binance represented about 60% of BAKE's liquidity. The fact that such a significant exchange is removing the token creates uncertainty about its future profitability.
2. Technical breakdown at key supports
The price of BAKE broke critical technical levels, such as the 200-day moving average (200-SMA) and the 30-day moving average (30-SMA), as well as breaking important Fibonacci supports (~$0.075), which triggered automatic sell-offs (stop-loss) and liquidations.
3. Regulatory pressure and warnings on exchanges
Since July 2025, Binance had placed BAKE under a "monitoring tag," warning users about its high volatility and potential delisting risk. This diminished confidence and reduced institutional interest.
Previous context: monitoring on Binance
As early as July 2025, Binance included BAKE in its "Monitoring Tag" list, which means it requires periodic evaluation to maintain its listing. Following this, the price initially fell between 6% and 11% due to the perception of increasing risk. Therefore, the 34% drop is the culmination of a negative trend driven by a build-up of warning signals.
What comes next?
It should be observed if other exchanges serve as a refuge for BAKE's liquidity.
It will be crucial if the team behind the token launches action plans (such as incentives on DEX, new partnerships, or governance updates).
It is also advisable to check if other exchanges follow Binance's decision or if operations remain intact.
