- Binance’s delisting vote gives users a voice in token removal decisions.
- FTX Token faces price instability with key support levels at $0.875–$0.88.
- JasmyCoin shows risk with declining volume despite recent price gains.
Crypto market attention turned to potential delistings Thursday as Binance opened the second round of its “Vote to Delist” program on April 10, 2025. The latest targets 17 tokens, including high-profile names like FTX Token (FTT) and JasmyCoin (JASMY).
Both have been placed under Binance’s “Monitoring Tag,” signaling performance or compliance issues.
How Does Binance’s Delisting Vote Work?
This voting initiative allows users to weigh in on whether flagged tokens should remain on the exchange. While the community votes serve as important feedback, they don’t automatically lead to removal; Binance stated they heavily influence the final decision.
Tokens under review are assessed on liquidity, development activity, team performance, and user engagement. This two-part review system ensures that the community has a voice, but Binance keeps control over final outcomes.
To participate, users must hold at least 0.01 BNB during the seven-day voting window from April 10 to April 16. Each account can cast up to five votes no more than one per project.
FTT: Troubled Past, Uncertain Future?
FTX Token, the utility token of the defunct FTX exchange, continues to draw attention. Despite its troubled past , the token has seen modest price activity. Over the last 24 hours, it rose 3.75%, now trading at $0.9141 . Earlier in the day, it dipped below $0.88 before rebounding near $0.98, only to fall back again.
Source: CoinMarketCap Related: Altcoin Volatility: FET, JASMY, WLD Experience Double-Digit Drops – Time to Buy?
Key support levels appear near $0.875–$0.88 and $0.90. Resistance has formed around $0.95 and the $0.975–$0.98 area. These levels show traders are hesitant to push prices much higher currently, reflecting underlying uncertainty about its future on the exchange.
JASMY: A High-Risk, High-Reward Candidate
JasmyCoin, known for its focus on IoT data marketplaces, posted a 7.07% gain over the past day. Its current price is $0.01119 . It saw early selling, followed by a breakout and some recovery after consolidation.
Source: CoinMarketCap Related: Price Action and Derivatives Insights for SEI, PYTH, SUI, STRK, JASMY
Support zones have emerged at $0.01020–$0.01030 and $0.01060–$0.01070. Resistance is capped near $0.01130 and $0.01150–$0.01160. However, a simultaneous 20.88% drop in trading volume suggests the upward move may lack strong momentum, potentially concerning buyers.
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