Binance Delisting News Sends Six Altcoins Plummeting

Traders are reacting quickly after Binance revealed it will stop supporting six specific altcoins on August 17. The tokens set for removal include Across Protocol, Hashflow, PIVX, Vulcan Forged PYR, Vanar, and Viction. Following the announcement, PIVX and PYR saw the heaviest selling pressure with prices dropping by 20 percent.

The exchange conducts periodic reviews to ensure that all listed assets meet its specific standards and industry requirements. When a coin loses its spot on a major exchange like Binance, it often faces challenges with liquidity and lower trading volume, which explains the immediate negative market reaction.

This follows a similar pattern seen in late June when the exchange dropped other tokens like Alchemix and Marlin. Those assets also experienced significant price dips immediately following the news. Investors holding these specific coins should prepare for continued volatility as the official delisting date approaches.