Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the delisting of three altcoins: Kadena (KDA), Perpetual Protocol (PERP), and Flamingo (FLM). The move, set to take effect on 12 November 2025, has triggered significant volatility across the affected markets.
KDA and PERP suffered immediate and steep price declines following the announcement, while FLM defied expectations with a surprising short-term surge. Analysts, however, caution that Flamingo’s brief rally may not be sustainable, given broader bearish signals in the charts.
Binance stated that its decision follows “a periodic review process” to ensure that all listed tokens meet the platform’s quality, liquidity, and compliance standards. Projects failing to uphold these criteria face potential delisting, a measure designed to protect users and maintain market integrity.
Kadena (KDA): From Developer Exit to Double Collapse
Kadena (KDA), once praised for its hybrid blockchain architecture designed for scalability, has seen a dramatic downturn. The token’s troubles began even before Binance’s announcement when the Kadena development team confirmed their withdrawal from the project. This revelation spurred a wave of investor sell-offs, pushing KDA’s price to new lows.
Following Binance’s delisting notice, KDA tumbled an additional 25%, hovering near $0.045, a potential all-time low. On-chain data and technical charts reinforce the bearish sentiment, with the Moving Average Convergence Divergence (MACD) indicator showing a clear downward crossover.
Still, not all hope is lost for Kadena holders. Competing exchange Gate.io announced continued support for the project, offering a glimmer of stability. Market observers suggest that if other exchanges follow suit, KDA could potentially rebound toward $0.20, though the probability remains slim without fresh development activity or investor interest.
Perpetual Protocol (PERP): The Bearish Continuation
The second asset facing Binance’s axe is Perpetual Protocol (PERP), a token powering a decentralised perpetual futures exchange. Despite having carved a niche in the DeFi derivatives space, low liquidity and sustained bearish momentum appear to have sealed its fate on Binance.
Since the delisting announcement, PERP’s price has slid 14%, maintaining a fragile position near 76% of its record low recorded just weeks ago. The Awesome Oscillator (AO) has dipped into the negative zone, signalling growing downward pressure.
Technically, PERP continues to trade within a descending price channel, a pattern suggesting that sellers remain in control. If bearish momentum persists, analysts forecast a potential fall to $0.12.
However, should PERP manage to breach its near-term resistance levels, the coin could attempt a recovery rally toward $0.28, though such an outcome would require renewed investor confidence, a rare commodity amid current sentiment.
Flamingo (FLM): An Unexpected Rebound Amid Delisting Chaos
In a surprising twist, Flamingo (FLM), the DeFi platform token native to the Neo blockchain, reacted to Binance’s delisting announcement with a 13.6% price surge, reaching $0.023. This counterintuitive rebound caught traders off guard, sparking speculation that opportunistic buyers sought to capitalise on the token’s low liquidity and high volatility.
However, technical indicators suggest caution. The Chaikin Money Flow (CMF) has turned negative even as prices rose, signalling bearish divergence, often a precursor to reversal. The Supertrend indicator also remains in red territory, implying that the short-lived rally may soon lose steam.
Market analysts warn that such “delisting rallies” are typically unsustainable, fuelled more by speculation than fundamentals. If selling pressure resumes, FLM could slide to $0.013, erasing its recent gains. A sustained rally, on the other hand, would require a genuine uptick in ecosystem activity and user adoption, both currently lacking.
Binance’s Message: Quality Over Quantity
This latest delisting underscores Binance’s firm stance on maintaining quality standards across its platform. While the move rattled short-term traders, it highlights the exchange’s broader goal of protecting users against stagnant or non-compliant projects.
For the delisted tokens, the message is clear, survival in the post-Binance era will depend on strong fundamentals, active development, and diversified exchange support.
As the crypto market braces for further regulatory and structural changes, Binance’s decision serves as a stark reminder that even well-known altcoins are not immune from scrutiny. For investors, adaptability, not allegiance, remains the key to weathering volatility in an ever-evolving digital economy.
