Binance has recently launched two mechanisms that empower the community to decide on token listings (Vote to List) and delistings (Vote to Delist).

However, behind these two initiatives, a critical question arises: Is there any bias in how Binance manages its token portfolio?

BNB Chain Projects Dominate “Vote to List”

On March 20, 2025, Binance kicked off the first batch of “Vote to List.” Following this announcement, multiple new BNB Chain tokens, including Broccoli, KOMA, and BANANAS31, secured their listings on the world’s largest exchange.

This is similar to how Binance had opened a vote for the community to decide whether to list Pi Network’s Pi Coin.

A day later, on March 21, 2025, Binance made headlines again by introducing “Vote to Delist“. The first 21 tokens selected for potential delisting were JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, and UFT. 

These events highlight Binance’s ambition to grant more decision-making power to the community. However, they also raise a critical question: Is there bias in how Binance manages its token portfolio? While BNB Chain dominates “Vote to List,” does “Vote to Delist” truly provide a fair playing field for projects from other blockchains?

“Vote to Delist”: Is Binance Favoring Its Ecosystem?

Interestingly, only ALPACA belongs to the BNB Chain among the 21 tokens targeted for delisting. The remaining represent Ethereum, Base, and other blockchain ecosystems. These tokens were flagged with a “Monitoring Tag” due to low liquidity, lack of team updates, or weak community engagement.

At this stage, the contrast between “Vote to List” and “Vote to Delist” reveals an interesting pattern. The process seems to lack balance in blockchain diversity, potentially favoring BNB Chain in listings while targeting external projects for delisting.

At the same time, while Binance’s listing criteria, like liquidity, project development, and community activity, apply to all tokens, non-BNB Chain projects often struggle to compete with the inherent advantages of tokens within the BNB Chain ecosystem.

Binance’s “Vote to List” and “Vote to Delist” mechanisms are significant steps toward community-driven governance. However, the disparity in blockchain representation raises concerns about fairness in token management.

Binance currently says this is a trial. It remains to be seen whether Binance will make adjustments to ensure a more level playing field or whether BNB Chain will continue to enjoy a privileged position on the exchange.

HBAR has experienced a consistent decline, and the price continues to move downward despite traders’ optimism for a potential recovery. The altcoin, which has faced downward pressure in recent weeks, has not yet found a solid support floor.

However, traders remain hopeful that a recovery could be on the horizon, though market conditions remain challenging.

Hedera Traders Are Placing Long Contracts

Currently, HBAR’s funding rate is positive, indicating that long positions are dominating short contracts in the market. This suggests that traders are betting on an eventual rise in HBAR’s price, hoping to profit from the recovery. The positive funding rate typically reflects investor confidence, but the market conditions and recent price action make it difficult for these positions to materialize in profit.

Despite the positive sentiment from long traders, the broader market conditions have not been favorable for HBAR. While traders are still placing bets on a price rise, there is a significant risk of losses if the market continues its downtrend.

The macro momentum for HBAR is influenced by the ADX (Average Directional Index) indicator, which currently shows a strong downtrend. With the ADX well above the 25.0 threshold, the bearish trend is firmly in place and will likely continue. This suggests that HBAR’s price could face additional downward pressure before finding a solid support level.

Although traders are betting on a recovery, the ongoing strength of the downtrend indicated by the ADX raises concerns. Until the momentum shifts or key market conditions change, it remains uncertain when the price will stabilize or turn bullish.

HBAR Price Holds Above Key Support

HBAR is currently trading at $0.184, a 6% drop over the last 48 hours. The altcoin failed to secure the $0.197 support level, which may lead to further declines in the short term. If the bearish trend persists, HBAR could continue sliding, potentially testing lower levels.

The next significant support for HBAR lies at $0.177, a level that has held strong multiple times in the last three months. Should the price drop to this support, it could consolidate around this range, signaling a potential pause in the downtrend. However, this support will need to be held to prevent a deeper decline.

If the market conditions improve, HBAR could see a recovery, with $0.197 flipping into support. A successful breach of $0.222 could further boost the altcoin, invalidating the bearish outlook and signaling a shift toward positive price momentum. However, this scenario depends on stabilizing broader market conditions.

XRP’s price reaction has remained muted following the US Securities and Exchange Commission’s (SEC) decision to drop its lawsuit against Ripple.

The bearish sentiment against the altcoin continues to strengthen, signaling an extended period of potential price consolidation or a downturn.

Ripple’s Legal Win Fails to Ignite XRP Rally—What’s Holding It Back?

On March 19, the SEC dropped its appeal and lawsuit against Ripple Labs, ending the five-year-long legal battle. While many anticipated this significant development would trigger a bullish rebound for XRP, its performance has remained lackluster. 

Market participants remain overwhelmingly bearish on the altcoin, keeping its price under persistent pressure. The decline in XRP whale accumulation highlights this bearish bias. 

According to Santiment, large whales holding between 100 million and 1 billion XRP have offloaded a cumulative 20 million XRP, worth approximately $50 million, since March 19.

This sell-off is part of an ongoing distribution trend that began earlier this month and shows no signs of reversal even after the SEC’s decision. Despite Ripple’s legal victory, these major XRP holders have yet to regain confidence and resume accumulation.

Moreover, the token’s falling weighted sentiment reflects the bearish pressure in the XRP market. At press time, it is poised to break below the center line at 0.052. 

An asset’s weighted sentiment measures its overall positive or negative bias, considering both the volume of social media mentions and the sentiment expressed in those mentions. It is a bearish signal when it attempts to fall into the negative territory.

It means that XRP investors are increasingly skeptical about the token’s near-term outlook. This prompts them to trade less, worsening the token’s decline.

XRP at a Crossroads: Rally to $2.61 or Drop to $1.47?

XRP exchanges hands at $2.39, trading above the support floor at $2.13. If bearish sentiment lingers, the token could experience a pull toward this low. Should the bulls fail to defend this support, XRP’s price could fall further to $1.47.

Conversely, a resurgence in bullish bias would invalidate this bearish projection. If XRP demand spikes and profit-taking stalls, its price could climb to $2.61.