đ He Lost âč12 Lakh Holding a Coin Binance Delisted â Donât Be the Next Victim đš
Imagine waking up one day, opening your Binance app, and finding out your favorite coin is gone. Not sold. Not crashed. Just delisted. Thatâs exactly what happened to a Reddit user known as u/Altcoin $BTC Hopeful, who lost over âč12 Lakh (~$14,000) when Binance suddenly removed the coin he had been holding for over a year: $WTC (Waltonchain).
đ What Went Down?
đž This trader had been averaging into $WTC since 2021, hoping for a comeback.
đž He ignored the low volume, lack of updates, and dwindling community.
đž In May 2023, Binance announced delisting of WTC, citing poor development activity and compliance issues.
đž Within 48 hours, the token price collapsed 70%, and trading was disabled on Binance.
> âI kept telling myself, itâs undervalued⊠then it was unrecoverable.â
đ§ Why This Happens:
According to Binanceâs official listing criteria, they regularly evaluate tokens based on:
â Dev commitment
â Trading volume/liquidity
â Network security
â Project communication
â Regulatory compliance
If a coin doesnât make the cut, it gets delisted, and holders are left with illiquid bags.
đ Donât Be the Next Victim â Here's How to Protect Yourself:
1. Track Binance Announcements: Follow @Binance and support page weekly.
2. Avoid Zombie Coins: If your coin hasnât posted updates or major news in 6+ months, thatâs a red flag.
3. Use Portfolio Tools: Sites like CoinGecko and Arkham Intelligence help you monitor dev activity and token flow.
4. Always Have an Exit Plan: Donât bag-hold based on hope. Set targets or stop losses.
đš Real Alpha:
Multiple coins have been removed over the last 12 months including:
Binance isnât playing games anymore. If they delist, the market for that coin can evaporate overnight.
đŹ Have you ever held a coin that got delisted? How did it go down? Drop your story below đ
#CryptoRisk #BinanceDelisting #AltcoinSurvival #CryptoTips #Binance #WTC #Web3Security #RedditCrypto
