Binance Delisting Vote Flags 17 High-Risk Altcoins, FTX Tops

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In a move that’s sent ripples through the cryptocurrency market, Binance—the world’s leading digital asset exchange—has concluded its second community-driven “Vote to Delist” campaign. This initiative empowers users to voice their opinions on which altcoins may no longer meet the platform’s listing standards. While the vote itself doesn’t directly trigger delistings, it plays a crucial advisory role in Binance’s internal evaluation process, influencing final decisions based on user sentiment, risk metrics, and market health.

The latest round spotlighted 17 high-risk altcoins, with FTX Token (FTT) emerging as the most frequently nominated for removal. As investor confidence shifts and regulatory scrutiny increases, this vote reflects a growing demand for transparency, security, and long-term viability in digital assets.

Why the Delisting Vote Matters

Binance’s delisting campaign is more than just a popularity contest—it’s a barometer of community trust. Tokens that appear on this list often face immediate price pressure and reduced liquidity, highlighting how user perception can directly impact market dynamics.

The exchange evaluates several key factors during its internal review:

User votes serve as an early warning system, helping Binance identify tokens that may no longer align with its commitment to a safe and sustainable trading environment.

👉 Discover how top traders analyze at-risk tokens before major exchange decisions.

FTX Token (FTT) Leads the List

Topping the delisting vote with 11.1% of total nominations, FTT remains a symbol of crypto’s past failures. Once the native token of Sam Bankman-Fried’s now-defunct FTX exchange, FTT has struggled to regain relevance since the platform's dramatic collapse in November 2022.

Despite occasional rallies fueled by legal developments or speculative trading, FTT continues its downward trajectory. In the 24 hours following the vote results, the token shed another 4.1%, trading at just $0.81—a fraction of its all-time high.

While some investors hold onto hope for potential rebirth under new management, many in the community view FTT’s continued presence on major exchanges as inconsistent with market integrity.

Other Altcoins Facing Scrutiny

FTT isn’t alone. Several other projects received significant attention in the voting, signaling broader concerns across different sectors of the crypto ecosystem.

Zcash (ZEC) & JasmyCoin (JASMY) – 8.6% Each

Zcash, known for its privacy-focused blockchain, has seen declining adoption amid increased regulatory pressure on anonymized transactions. Meanwhile, JASMY—a Japan-based IoT and data sovereignty project—has faced criticism over lack of real-world usage and stagnant development progress. Both tokens dropped nearly 6% post-vote.

GoPlus Security (GPS) – 8.2%

Ironically named, GPS is a Web3 security infrastructure provider whose own token came under fire for low utility and speculative trading patterns. Its inclusion underscores skepticism around "security" projects whose tokens don’t directly contribute to protocol safety.

PlayDapp (PDA) – 7.6%

As part of the fading play-to-earn gaming wave, PDA has struggled to maintain user engagement amid declining NFT volumes and waning interest in blockchain gaming. The sector-wide slump has left many gaming tokens vulnerable to delisting.

Additional Tokens Under Review

Other altcoins receiving notable votes include:

Also listed: Ardor (ARDR), Perpetual Protocol (PERP), NKN, and LTO Network—each facing challenges ranging from low liquidity to outdated technology stacks.

These nominations suggest users are increasingly prioritizing utility, active development, and transparent governance when assessing token value.

👉 Learn how to spot early signs of token instability using on-chain analytics tools.

Market Reaction and Investor Sentiment

Unsurprisingly, most tokens on the list experienced price declines after the vote results were published. The psychological impact of being labeled "at-risk" can be powerful, especially in a market already sensitive to exchange policies.

For holders, this raises urgent questions:

While delisting doesn't mean a token disappears entirely, it often leads to reduced visibility, lower trading volume, and diminished investor interest—especially if no major alternative platforms pick it up.

What Happens Next?

Binance has not yet announced final delisting decisions. The vote serves only as input into a broader risk assessment framework. Historically, the exchange provides affected projects with notice and a grace period before any removal takes effect, allowing teams time to respond or improve their standing.

However, repeated appearances on such lists—especially with high vote percentages—significantly increase the likelihood of eventual delisting.

Projects looking to avoid removal should focus on:

For traders, this is a reminder to conduct thorough due diligence beyond price charts and hype cycles.

Frequently Asked Questions

Q: Does the Binance delisting vote automatically remove a token?
A: No. The vote is advisory only. Final decisions are made internally by Binance based on multiple risk and performance indicators.

Q: Can a token recover after being nominated for delisting?
A: Yes. Some projects have improved transparency, launched new features, or increased adoption to regain exchange support. However, reputational damage can persist.

Q: What happens to my tokens if they get delisted?
A: Binance typically announces delistings in advance and allows users a window to withdraw funds. After that period, trading is suspended.

Q: Are smaller altcoins more likely to be delisted?
A: Generally yes. Lower liquidity, limited use cases, and reduced community activity make them higher-risk candidates compared to established projects.

Q: How often does Binance run delisting votes?
A: There’s no fixed schedule. Binance runs these campaigns periodically based on market conditions and internal reviews.

Q: Is FTT likely to be delisted?
A: Given its association with a failed exchange and ongoing lack of utility, FTT faces strong headwinds. While not guaranteed, delisting appears increasingly probable.

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Final Thoughts

The 2025 delisting vote highlights a maturing cryptocurrency market—one where community feedback, risk management, and project sustainability carry more weight than ever before. As exchanges like Binance take proactive steps to curate healthier ecosystems, investors must adapt by focusing on quality over speculation.

Tokens without clear utility or active development are becoming less tolerated. Meanwhile, platforms that prioritize security, innovation, and transparency are gaining long-term trust.

For anyone navigating the altcoin landscape, staying informed isn’t optional—it’s essential.

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