Binance's Quarterly Housekeeping: Six Tokens Get the Boot, Prices Embrace Gravity

Binance announced it will delist six tokens on April 23, triggering immediate losses across the affected assets. The exchange will remove Beefy.Finance (BIFI), FIO Protocol (FIO), FunToken (FUN), Measurable Data Token (MDT), Orchid (OXT), and Wanchain (WAN) from all spot trading pairs. Apparently, the quarterly "weeding out the dead weight" ceremony is back in session, and these tokens drew the short straw.

The exchange attributed its decision to its periodic review process, which evaluates development activity, trading volume, network security, and team commitment, among other factors. Because nothing says "we care about quality" quite like a corporate checklist that somehow always ends with "please remove your tokens from our platform."

"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 blog read. Translation: we check if you're still interesting enough to keep, and sorry guys, you're not.

The sell-off was swift. FUN dropped 27.93% within minutes of the April 9 notice, the steepest fall among the six. MDT followed with a 22.79% decline, while FIO lost 20.51%. BIFI fell 8.93%, and OXT slid 13.42%. WAN saw the mildest reaction, with a dip of just 1.24%. For those keeping score at home, that's a masterclass in watching your portfolio do the limbo—how low can it go? WAN holders are probably thinking they should've bought more dip, but let's not get ahead of ourselves.

This is another wave of removals this month. On April 1, Binance delisted eight tokens, including Loopring (LRC) and Radiant Capital (RDNT), which also saw double-digit drops following the announcement. Because apparently, April is just the season for tokens to get evicted.

Several of these tokens had been flagged well before removal. Binance placed BIFI and MDT under its Monitoring Tag in June 2025. FUN and OXT received the same warning label in March 2026. The label flags tokens that show elevated risk and sharper price swings than their peers. Binance reviews tagged assets on an ongoing basis and may delist those that fail to meet its standards. Think of it as Binance's "we're watching you" label—sort of like getting that red tag at the grocery store, except this one actually means you're about to get removed from the shelf entirely.