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Brutal Price Collapse for 5 Altcoins After Binance Says Goodbye: Details
TL;DR
Five altcoins, including Automata and Harvest Finance, faced a severe price collapse after Binance announced their delisting. The delisting will occur on May 27, with withdrawals available until July 27.
Key points
- Five altcoins experienced a price collapse
- Binance announced delisting of Automata, Harvest Finance, Enzyme, Phoenix, and Syscoin
- Delisting effective May 27, with deposits ending May 28
Mentioned in this story
Binance
AutomataHarvest FinanceEnzymePhoenix
Many leading cryptocurrencies have seen some volatility over the past 24 hours, yet their price swings don’t compare to the devastating crash that five lesser-known altcoins experienced.
The culprit behind that meltdown was Binance, which recently announced its latest delisting effort.
The Heavy Bleeding
The world’s largest crypto exchange revealed that it has conducted another review to ensure that all coins listed on the platform meet high standards and industry requirements. Based on its analysis, it decided to terminate all services involving Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS).
The delisting will take place on May 27, with Binance explaining that deposits of these tokens will not be credited to users’ accounts after May 28. Moreover, withdrawals will remain available until July 27.
The news has caused a major decline for the involved coins. All of them have plunged by double digits immediately after the disclosure, with SYS taking the biggest blow as its valuation has tumbled by 34%.
SYS Price, Source: CoinGecko
Such price reactions are hardly surprising, since losing backing from a crypto behemoth like Binance typically leads to reduced liquidity, lower market visibility, and reputational damage.
In April, Beefy.Finance (BIFI), FunToken (FUN), FIO Protocol (FIO), Orchid (OXT), Measurable Data Token (MDT), and Wanchain (WAN) posted similar losses after the exchange removed them from its platform. Shortly after, Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) met the same fate.
Other Recent Updates
Earlier this week, Binance listed the trading pairs MEGA/U, TON/U, and TON/USD1 to its margin program. The initiative was once again primarily centered on United Stables (U) – a stablecoin launched in late 2025 and pegged to the American dollar.
Q&A
Which altcoins were delisted by Binance?
Binance delisted Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS).
When will the delisting of these altcoins take effect?
The delisting will take effect on May 27, with deposits not credited after May 28.
What are the withdrawal deadlines for the delisted altcoins?
Withdrawals for the delisted altcoins will remain available until July 27.
