26.06.2025 14:04
Komodo (KMD), a cryptocurrency focused on privacy-enhancing blockchain technology, experienced a dramatic 25% price drop following a delisting announcement from Binance, the leading cryptocurrency exchange. This sharp decline sent the token's price plummeting to lows of $0.06, a significant fall from its previous trading levels. The sudden price movement was accompanied by a massive surge in daily trading volume, exceeding 400%, clearly indicating widespread panic selling among investors.
Binance's decision to delist Komodo, along with several other cryptocurrencies including Stella, LeverFi, Biswap, and LTO Network, was announced on June 26th, 2025, with the delisting effective July 4th, 2025 at 03:00 UTC. The exchange cited its regular review process, which assesses tokens based on key metrics like trading volume, liquidity, and overall project health, as the reason behind the delisting. Binance emphasized its commitment to providing high-quality services and user protection while adapting to the ever-changing cryptocurrency market. This statement underscores their commitment to maintaining robust standards within their platform.
The delisting of Komodo impacted the token significantly. All spot trading pairs for KMD were affected, forcing Binance users to cancel existing orders and withdraw their KMD holdings before October 4th, 2025, a deadline set by the exchange. The immediate reaction to the news was a rapid sell-off, causing a dramatic price drop of over 25% within a few hours. This steep decline is visually represented in data from CoinMarketCap, which shows a sharp drop from above $0.085 to lows of $0.055, fueled by a significant increase in 24-hour trading volume reaching $5.68 million. While other delisted tokens like LTO also saw price drops, and ALPHA and LEVER experienced similar declines, Biswap (BSW) surprisingly saw its value increase by more than 50%, highlighting the unpredictable nature of the market in response to such announcements. The Komodo price plunge serves as a stark reminder of the impact exchange listings and delistings can have on cryptocurrency valuations, especially on less established projects. The information presented here was gathered from various internet sources.
