Altcoin
Binance To Delist DOGS, FET, & These 2 Crypto, What Lies Ahead?
Cryptocurrency exchange Binance has again garnered significant market attention with a latest update in its trade offerings on Wednesday. Notably, the crypto exchange behemoth is delisting certain trading pairs for DOGS, FET, NEIRO, and NOT crypto tokens. As a result, traders and investors anticipate an alarming price drop ahead as a response to reduced market exposure.
Binance To Delist These 4 Crypto Trading Pairs
Binance announced in an official update on February 19 that it aims to delist 4 specific crypto spot trading pairs on February 21 at 03:00 UTC.
Here Are The Spot Trading Pairs To Be Delisted
- DOGS/BRL
- FET/BRL
- NEIRO/BRL
- NEIRO/EUR
- NOT/EUR
Why Is Binance Delisting The Specific Pairs?
Notably, the crypto exchange giant revealed that this measure comes in an effort to offer users a protected and high-quality trading market. Following the conclusion of periodic reviews, the exchange finalized delisting the abovementioned pairs amid concerns such as poor liquidity and trading volume, among other factors.
What’s More?
Further, the exchange also announced that it will terminate ‘Spot Trading Bots services’ for the above-listed crypto pairs on the same date and time. Binance urges users to update or cancel their trading bots prior to the cessation of services, primarily to avoid any losses.
Meanwhile, EUR and BRL are the official fiat currencies of Brazil and the Eurozone.
Why Are These Coins At Risk?
Usual market sentiments remain bearish in the wake of delistings on top crypto exchanges as they trigger price drops primarily due to reduced market exposure.
Intriguingly, CoinGape reported previously that Binance announced plans for delisting AirDAO (AMB), CLV, StormX (STMX), and VITE on February 17. The delisting announcement indeed generated a bearish wave in these assets’ price trajectories.
AMB price lost nearly 42% since February 17 to date, reaching 0.001876, solidifying concerns about the abovementioned tokens. CLV price also tanked over 21% within the same duration, reaching $0.03622. STMX price cracked by over 13% to date and closed in at $0.003756. Lastly, VITE price lost 50% since February 17 and exchanged hands at $0.003764.
Altogether, these waning actions cemented investors’ concerns over DOGS, FET, NEIRO, and NOT crypto tokens.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
All the excitement around the Pi mainnet launch has faded within 24 hours of launch as the Pi Coin sees strong selling pressure with its price crashing more than 50% from the peak of $2 yesterday. The selling pressure comes with huge trading activity as daily trading volumes surge to more than $1.2 billion.
Pi Coin Sees Major Pump and Dump
Pi Coin, the native cryptocurrency of the Pi Network faces a major pump-and-dump as it currently trades around $0.70 falling more than 65% from its peak of $2.0 Investors’ euphoria surrounding the mainnet launch seems to be waning fast.
Even as of the current price of $0.70, the Pi Network pegs a market cap of $4.45 billion. With more than 10 million users, the Pi Network has achieved significant market following. following the mainnet launch, a total of 1 billion from the total 9.7 billion PI tokens are available initially. The remaining tokens will be locked in user wallets and unlocked over a period of time.
Although some market analysts have turned bullish, investors should be careful while taking fresh bets and look for any potential signs of trend reversal.
Will Binance and Coinbase Listing lead to Trend Reversal?
Despite the current Pi Coin price fall, the optimism surrounding the recovery remains high. Some market analysts believe that this would not be the right time to sell at the bottom considering that the daily trading volumes have remained robust at more than $1.2 billion.
Some of the global crypto exchanges like OKX and CoinDCX have already extended support to Pi coin. Furthermore, the industry has been pushing to bring the Pi Network’s native crypto token to top exchanges like Binance and Coinbase.
Binance and Coinbase, being among the largest cryptocurrency exchanges globally, offer access to a vast user base and high trading volumes. This increased liquidity can make Pi Coin more attractive to traders and investors. Besides, it will further boost the credibility of the crypto asset among retail investors.
‼️ $PI network chart dosen’t look bad at all 👀 are you selling the bottom?
Almost 1B volume in 8 hours, and pi is listed on only few CEX, when #Binance and other top CEX come real fun will start, buy the dip and hold #Picoin #PiNetwork #Crypto #Trump pic.twitter.com/i8rlk3k4ll
— GEM HUNTER 💎 (@TrueGemHunter) February 20, 2025
Pi Community Shows Discontent
Following the massive pump and dump, there’s a major discontent among the Pi community. Notably, crypto commentator Wood LightYear expressed frustration over a specific narrative surrounding the Pi Network mainnet launch. In a statement shared on social media, LightYear said:
“The only narrative I really hated about yesterday’s listing of Pi was that of people having cheap access to accumulate what we paid for with our time, for many years.”
The sentiment highlights concerns among long-term supporters of the Pi Network, who believe the listing undermines the project’s core narrative of valuing time and attention
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
XRP price is gaining momentum as the U.S. Securities and Exchange Commission (SEC) has officially posted Grayscale’s XRP exchange-traded fund (ETF) filing to the Federal Register.
This move marks the beginning of a 240-day review period, during which the agency will decide whether to approve or reject the application.
Grayscale’s XRP ETF Filing Under SEC Review
The SEC’s review process for Grayscale’s proposed XRP ETF formally started after its posting on the Federal Register. The agency now has until October 18, 2025, to make a decision. The process includes a 21-day public comment period, allowing stakeholders to submit feedback.
Afterward, the SEC will analyze the proposal and assess market risks, investor protections, and compliance with securities laws.
XRP’s legal classification remains a key factor in the ETF’s approval amid speculations of a Ripple vs SEC lawsuit pause. The SEC has previously sued Ripple Labs over whether XRP should be classified as a security, and the case remains unresolved. The regulator has generally been more cautious with altcoin ETFs compared to Bitcoin ETFs, citing concerns over market manipulation.
XRP Price To Breach $3 Resistance
XRP’s price has reacted positively to the ETF developments, with traders anticipating a potential breakout. The token is currently testing key resistance levels, with analysts watching for a move beyond $3.00. Some believe that clearing this level could signal a larger rally.
Crypto traders have shared insights on XRP’s price movement. “XRP continues to hold inside a corrective channel, which is typical for a Wave 4,” CasiTrades posted on X projecting an all-time high looming. Another trader, Dark Defender, suggested that the XRP price could move toward $2.77 before testing $3.
Market sentiment has also been influenced by speculation about major financial institutions using XRP for transactions. Reports suggest that Bank of America may be leveraging XRP for internal payments, though no official confirmation has been provided.
US SEC’s Stance on Crypto Regulation
The SEC has been reviewing multiple XRP ETF applications alongside Grayscale’s filing. On February 19, the agency acknowledged applications from asset managers CoinShares, Canary, and WisdomTree. These applications were submitted through exchanges like Nasdaq and Cboe BZX.
The SEC’s approach to crypto regulation has come under scrutiny in recent months. Under the current administration, the agency temporarily paused its lawsuit against Binance, leading some analysts to believe that regulatory pressure on crypto firms may ease. Consequently, investors are hopeful that this shift could work in Ripple’s favor which may boost XRP price to a new ATH.
President Donald Trump’s administration has been viewed as more crypto-friendly, and his recent social media activity has fueled optimism. He shared an article discussing Ripple Labs’ expansion in the U.S., which noted that XRP saw a price surge following the 2024 presidential election.
XRP ETF Approval Odds
The chances of an XRP ETF approval have risen on Polymarket, where betting odds currently stand at 81%. Concurrently, Brazil recently became the first country to approve an XRP spot ETF, adding to the growing demand for institutional investment in the asset which may push the XRP price to a new ATH.
Despite the optimism, some analysts urge caution. Azura CEO Jackson Denka noted that XRP has historically experienced rapid price increases followed by steep declines.
“Until we see real adoption and actual progress of their blockchain, it is hard to make the claim that this price is sustainable,” Denka said.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout.
Shiba Inu Price Breaks Out of Falling Wedge Formation
According to analyst Bezos Crypto, Shiba Inu price has completed a breakout from a Falling Wedge, a pattern associated with strong upward movements. This formation often indicates a trend reversal, with SHIB price action shifting from a downtrend to an uptrend. In previous instances, similar setups have led to substantial gains for SHIB, fueling optimism among traders and investors.
The breakout is accompanied by a noticeable increase in trading volume, suggesting strong participation from investors. Volume confirmation is a crucial aspect of validating the meme coin rally, as it indicates growing buying interest. If Shiba Inu price maintains its momentum, it could reach the projected price target of $0.00008841, reflecting a 422% increase.
Meanwhile, most recently, SHIB whales have triggered volatility by offloading 2.1 trillion tokens, adding uncertainty to price action. The sudden transaction, valued at $32.55 million, has raised concerns over potential selling pressure.
Bitcoin’s Influence on SHIB and Technical Analysis
More so, Bitcoin price trend, plays a crucial role in determining the trajectory of Shiba Inu price. Historically, altcoins such as SHIB have exhibited strong price movements during Bitcoin’s bullish phases. When Bitcoin consolidates or trends higher, altcoins often benefit from increased market liquidity and positive sentiment.
Similarly, technical indicators further support the bullish outlook, with key metrics pointing toward potential meme coin rally. Awesome Oscillator (AO) analysis shows a shift in momentum, as the histogram bars have transitioned from red to green, indicating a possible trend reversal. AO, which measures market momentum, suggests that selling pressure is fading, and buyers are beginning to gain control.
More so, Moving Average Convergence Divergence (MACD) indicator provides bullish confirmation, as the MACD line has crossed above the signal line, forming a bullish crossover. This crossover is a key signal that momentum is shifting toward buyers, increasing the likelihood of a sustained uptrend.
Additionally, the histogram bars, which represent the difference between the MACD and signal lines, have turned green, reinforcing the strengthening bullish sentiment. If this trend continues, it could indicate a strong upward movement in SHIB price to a new all-time high.
Risk Considerations Ahead of The Meme Coin Rally
While the bullish scenario for Shiba Inu price remains strong, traders remain cautious about potential volatility. Price movements in the cryptocurrency market can be influenced by external factors, including regulatory news, and shifts in investor sentiment. A retracement or a retest of the breakout zone is possible before further upside continuation.
Key resistance levels to monitor include $0.000030, $0.000050, and the previous all-time high near $0.00008841. On the downside, support levels at $0.000020 and $0.000015 could act as critical zones if a pullback occurs.
Moreover, a recent report highlighted that top meme coins like DOGE, SHIB, PEPE, and FLOKI risk declines due to a sharp drop in futures open interest. The data reveals that SHIB’s futures OI fell by 74.41%, while DOGE saw a 58.45% decline, signaling weakening trader confidence.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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