Binance just dropped a bombshell that sent three altcoins into complete freefall. The world’s biggest crypto exchange announced it’s pulling the plug on BAKE, SLF, and HIFI trading pairs, and the market reaction was brutal and immediate.
Within hours of the announcement, these tokens got absolutely hammered. BAKE crashed 25%, SLF plummeted 23%, and HIFI dropped 17% as panicked investors rushed for the exits. When Binance says goodbye to a coin, traders know it’s usually not good news.
The exchange didn’t mince words about why these projects got the boot. According to their statement, all three failed to meet Binance’s standards after their latest review. That’s basically crypto speak for “these projects aren’t cutting it anymore.”
What makes this particularly painful is how far these tokens have already fallen from their glory days. BAKE once hit over $8 during the 2021 bull run but has now lost 99% of its value. SLF peaked at 83 cents just a year ago and is now trading around 4 cents.
Getting delisted from Binance is like losing your biggest customer overnight. These exchanges provide the liquidity and visibility that keeps altcoins alive, so losing that support often means a slow death spiral for smaller projects.
Conclusion
Binance’s delisting of BAKE, SLF, and HIFI triggered massive selloffs, with tokens crashing up to 25% as investors fled these failing projects.
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