FTT leads voices to delisting at Binance with 11.1% support of the community

FTT leads voices to delisting at Binance with 11.1% support of the community

  • The vote took place from April 10 to April 16, 2025.
  • ZEC and Jasmy followed with 8.6% of the votes.
  • Binance says that the votes will not be the only factor for delisting.

ftt, the native token of the collapsed stock exchange FTX, is under Renewed Pressure, since in the second round of Binance’s "Vote to Delist" with 11.1% of the community votes at the top.

The vote that ran from April 10 to April 16, 2025, is part of Binance’s more comprehensive governance program that enables users to comment on tokens that are characterized by a monitoring day.

These tokens are considered risky or volatile, which results in deeper internal ratings from Binance. While the voting results alone do not determine delistings, they significantly influence the decision -making process of the stock exchange.

The token has experienced a continuing downward trend since the beginning of the year, and its association with the collapse of FTX in November 2022 continues to influence the trust of investors.

At the time of writing, FTT was traded at $ 0.80, which corresponds to a decline of 4.1% in the last 24 hours. The last decline reflects the waves of sales driven by sentiment, which could be observed in the first round of voting.

Source: Coinmarketcap

Binance extends governance tools

The "Vote to Delist" initiative from Binance aims to improve transparency and to strengthen user participation in governance. It is aimed at assets that are characterized by monitoring tags, typically due to liquidity concerns, regulatory risks or large price fluctuations.

Although the opinion of the community plays an important role, Binance has clarified that the decisions about delistings do not depend solely on the voting results.

"The result of the vote will not be the decisive factor for the final delisting decision," said Binance on its Square platform.

The review process will also take into account internal key figures and compliance standards, and each final decision can be delayed depending on the procedural requirements.

ftts leading position below 17 tokens that were included in the second round of voting indicates a strong preference of the community for deletion, which reinforces the skepticism of the market with regard to its long-term life capacity.

Altcoins see price cuts, delisting risk

Other tokens also recorded remarkable concerns. Zcash (ZEC) and Jasmycoin (Jasmy) each received 8.6% of the votes, which indicates increasing doubts from users, even though they were historically popular.

Goplus Security (GPS) followed with 8.2%, while Playdapp (PDA) was 7.6%. Voxies (Voxel), Alpaca Finance (Alpaa) and StP Network (StPT) were also prominently represented, with 7.1%, 6.3% and 5.9% of the vote.

Price data show that these tokens have started to react to the results of the voting. Jasmy and STPT have both fell by about 6%in the last 24 hours, while several other coins recorded more moderate declines.

For example, Voxel, PDA and Alpaa posted all red candles, which indicates that the investors could go beyond FTT.

Also on the list were Flamingo Finance (FLM) with 4.3%, ARK (5.8%), biswap (BSW) with 5.5%and moviebloc (MBL) at 4.2%.

Smaller parts of votes were recorded for Wing Finance (Wing) with 3.8%, ARDOR (ARDR) with 3.6% and perpetual Protocol (perp) with 3.4%. NKN and LTO Network completed the list with 3.2% or 2.9% of the votes.

Markt expected Binance decision via FTT

While the final delisting decisions of Binance are still standing, the data evaluation signals a clear trend of the community away from tokens, which are considered unstable or compromised.

market participants are expected to observe the review process of Binance closely, especially for tokens such as FTT and Jasmy, which are still subject to regulatory and public examination.

The stock exchange has not announced a fixed time frame for delisting and emphasizes that internal checks are still in progress.

Nevertheless, the market effect has already materialized, with sharp short-term price declines and trading volumes, which show volatility in the affected tokens.

With the conclusion of this round of voting, Binances next steps could create a precedent for how much influence the feedback from the community will have in the design of the platform in the future.

The contribution FTT leads the Binance delisting vote with 11.1% of the support of the community first appeared on Coinjournal.

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