FLM’s surge, similar to ALPACA’s earlier this year, has raised concerns.
Binance, the largest cryptocurrency exchange by volume, has announced the delisting of three altcoins. These include Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP).
The decision triggered price volatility across all three tokens, yet FLM surged by double-digits following the news, defying the typical delisting selloff.
According to the official Binance announcement, spot trading for FLM, KDA, and PERP will cease on November 12, 2025, at 03:00 UTC. Deposits made after November 13, 2025, at 03:00 UTC will not be credited. Lastly, withdrawals will become unavailable after January 12, 2026.
“The spot trading pair(s) of the aforementioned token(s) will be removed. All trade orders will be automatically removed after trading ceases in each respective trading pair,” Binance noted.
Furthermore, several Binance services will also be affected by the delisting. Spot Copy Trading for these altcoins will end on November 5.
Meanwhile, margin trading will conclude on November 4, with borrowings suspended from October 30. Mining pool services will stop on November 4. In addition, Convert services will be unavailable after November 6.
Futures contracts linked to FLM, KDA, and PERP will remain available. However, Binance stated these may be subject to additional risk management measures.
The decision follows the exchange’s periodic review process, which evaluates listed assets against multiple criteria. This includes team commitment, development activity, trading volume, liquidity, network security, transparency, and regulatory developments. This approach enables Binance to uphold listing standards while responding to changing market conditions.
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” the exchange added.
The market response to the delisting announcement was mixed. KDA, which had already been facing market headwinds due to the Kadena organization’s exit, plunged 3.43%, deepening its ongoing decline
PERP dipped 1.37% after the news. The token operates on Ethereum’s Layer 2 Optimism network, supporting a decentralized perpetual futures exchange.
Meanwhile, FLM surprised the market by jumping 19.7% after the delisting announcement. The price surge stands out because delisting announcements usually spark steep selloffs as liquidity dwindles.
Yet, this reaction mirrors the Alpaca Finance (ALPACA) case, which soared 71% after Binance delisted it earlier this year. At that time, the coin’s rise raised market manipulation concerns among analysts and community members.
“Binance will delist FLM on Nov 12, 2025, yet the token spiked…Big pumps often mean big risk,” a market watcher posted.
The contrast between FLM, KDA, and PERP highlights the unpredictable nature of delisting events. While KDA’s collapse deepened its ongoing downturn, FLM’s unexpected rally reflects how market sentiment and speculative trading can defy expectations, even when liquidity risks are on the horizon.
