Binance Delisting Triggers Price Decline for PIVX, PYR, and Four Other Altcoins

Binance’s latest review of its listed cryptocurrencies has led to the delisting of six tokens, resulting in substantial price drops for most of them. The exchange announced it will terminate all services with Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC) on August 17.

PIVX and PYR were the hardest hit, each falling by 20%. The other four tokens recorded more modest losses. The delisting reduces availability, liquidity, and reputational standing for these assets, making the price reaction unsurprising.

This is not the first time Binance has triggered sharp declines following a delisting announcement. In late June, the exchange removed Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND), with NFP dropping 21% in a single day.

Despite facing regulatory pressure in Europe, Binance continues its global expansion. Recently, it strengthened its presence in the Philippines, a major crypto market. The exchange also briefly paused deposits and withdrawals on the TRX and ZEC networks for wallet maintenance and a hard fork, but operations were quickly restored without reported issues.

Source: https://cryptopotato.com/binance-triggers-major-collapse-for-these-altcoins-details-inside/