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Komodo tanks 25% after Binance announces delisting - Money
Komodo tanks 25% after Binance announces delisting
Binance also plans to delist Stella, LeverFi, Biswap, and LTO Network tokens on July 4, 2025.
LTO price fell alongside ALPHA and LEVER also tanked, but BSW was up more than 50%.
Komodo (KMD), a privacy-focused blockchain platform, saw its token price plummet by more than 25% to trade at lows of $0.06, with this coming amid a major delisting announcement.
Binance, the world’s largest cryptocurrency exchange, plans to end support for trading for all spot pairs for Komodo, news that plunged KMD alongside other tokens facing delisting. The price plunge happened as daily volume spiked more than 400% to illustrate the panic selling that hit the altcoin.
Binance delisting sends Komodo price plummeting
On June 26, 2025, Binance announced it would delist several tokens, including Komodo (KMD), from its spot trading platform. The removal, effective at 03:00 UTC on July 4 2025, is down to the exchange’s periodic review process, which evaluates tokens based on trading volume, liquidity, and overall project activity.
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” Binance wrote.
According to the exchange, the delisting includes all spot trading pairs for KMD.
Binance has advised its users to cancel open orders and withdraw their KMD by October 4, 2025. The news triggered an immediate sell-off, with Komodo’s price dropping more than 25% within hours. Having traded above $0.085, the token’s value nosedived to hit lows of $0.055.
The chart below from CoinMarketCap shows this sharp decline, which accelerated amid a spike in the 24-hour trading volume to $5.68 million. Volume on the upward spin reflects heightened market activity as investors reacted to the announcement.
Komodo price chart by CoinMarketCap
Komodo’s market cap, currently at $8.42 million, means an extended decline ahead of the delisting is likely, with trading on Binance one of the big positives for small tokens. With liquidity dipping, it could be tough for KMD bulls.
LeverFi, Biswap, and LTO Network also tank
Komodo was not alone in facing the fallout from Binance’s decision.
The exchange also announced the delisting of Stella (ALPHA), Biswap (BSW), LeverFi (LEVER), and LTO Network (LTO), leading to significant price declines across these tokens. Overall profit-taking as seen with Pi Network and other coins did not help buyers.
LTO Network saw a 27% drop to $0.02, while LEVER was down 9% in 24 hours. ALPHA price fell 6%. However, BSW bucked the trend, with its price up 50% to $0.035 amid notable resilience.
The delisting of these tokens has raised broader concerns about the challenges faced by smaller projects in maintaining exchange listings, especially on major platforms like Binance.
The post Komodo tanks 25% after Binance announces delisting appeared first on CoinJournal.
