Binance will delist three altcoins—DEGO, DENT, and TRU—on April 28, triggering immediate price declines. The exchange cited a routine review of development activity, liquidity, and other standards. Following the announcement, DENT’s price fell by 24%, with similar drops for the other affected tokens.
The cryptocurrency market has seen a broad recovery, but three altcoins faced sharp declines after Binance announced their removal. The exchange decided to delist Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) following a review of factors like development activity and trading volume.
All services for these tokens will end on April 28. Binance also stated it will not support TrueFi’s planned rebranding and token swap to Brila (BRLA). “Please note that the conversion of delisted tokens into stablecoins is not guaranteed,” the exchange added.
The announcement had a pronounced negative effect on the prices of the involved cryptocurrencies. DENT experienced the largest drop, crashing by 24% on a daily scale.
This reaction is common, as losing support from a major exchange typically reduces liquidity and market visibility. Earlier this month, Binance’s delisting of several other tokens also caused immediate price plunges of 20% to 32%.
Conversely, when Binance adds support for a cryptocurrency, the price often surges. For example, the launch of new trading pairs for CFG recently caused its valuation to jump 60% within minutes.
