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Binance, the world’s leading cryptocurrency exchange, has concluded the second round of its “Vote to Delist” campaign, and the results are sending ripples across the altcoin landscape. While the vote isn’t binding, it acts as a public barometer of community sentiment — and it’s loud and clear.
At the center of controversy is FTX Token (FTT), which garnered 11.1% of all votes, the highest of any asset on the chopping block. Once a symbol of rapid exchange growth, FTT has struggled to recover since the collapse of FTX in November 2022. The token dipped another 4.1% in the last 24 hours, now trading at $0.81. Its overwhelming vote share underscores the deep scars FTX’s implosion left on investor trust.
Binance's second batch of token #delisting voting ended: #FTT (11,1%), #ZEC (8,6%), #JASMY (8,6%), #GPS (8,2%), and #PDA (7,6%) pic.twitter.com/mWazp6ONtv
— Fanos Crypto (@FanosCrypto) April 17, 2025
Other notable altcoins facing scrutiny include Zcash (ZEC) and JasmyCoin (JASMY), each drawing 8.6% of the vote. Security-focused GoPlus Security (GPS) followed closely at 8.2%, while PlayDapp (PDA) received 7.6%. Price drops quickly followed the vote — JASMY and STPT slipped by nearly 6% each, illustrating the campaign’s market-moving impact.
Binance emphasized that these community votes are only part of a broader internal evaluation process, which also considers factors like liquidity, price stability, and project transparency. Still, the visibility from this campaign signals a shift toward greater user involvement in exchange governance.
Also Read: Binance CEO Hints at Global Crypto Reserve Plans
Seventeen tokens were included in the vote, with other names like Voxies (VOXEL), Alpaca Finance (ALPACA), STP Network (STPT), and Flamingo Finance (FLM) now under community and Binance scrutiny. Projects such as ARK, Biswap (BSW), Perpetual Protocol (PERP), and LTO Network also made the list, reflecting a broader trend of reassessing lower-performing or higher-risk assets.
As Binance continues to walk the line between decentralization and risk management, this campaign offers a glimpse into shifting user priorities. The message is clear: investor confidence is paramount — and no token is too big to face delisting.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
