FLM, KDA, PERP Experience Market Shocks Following Binance’s Delisting Announcement

Key Points

• Binance is set to delist three digital assets – Kadena (KDA), Flamingo (FLM), and Perpetual Protocol (PERP) on November 12.
• The announcement of the delisting led to significant volatility in the prices of these digital assets.

On the 29th of October, Binance declared its intention to delist three digital assets: Kadena, Flamingo, and Perpetual Protocol.

These delistings are scheduled to occur on the 12th of November.

Details of the Delisting

In an official statement, Binance disclosed that it had decided to delist these three projects after conducting thorough reviews.

The exchange will cease trading on all spot pairs for FLM, KDA, and PERP on November 12, at 03:00 (UTC).

Furthermore, Binance Buy and Sell Crypto will delist the tokens and all associated pairs on October 30 at 03:00 (UTC).

Trading bots services will also be terminated on the same date, at the same time.

Binance Spot Copy Trading will delist the spot pairs for these three digital assets on November 5 at 03:00 (UTC).

Deposits of these assets will not be credited to users’ accounts after November 13 at 03:00 (UTC), and withdrawals will not be supported after January 12, 2026, at 03:00 (UTC).

Binance stated in its official notes that futures contracts of PERP, FLM, and KDA are not affected, and users may continue to trade them.

Market Reaction

After Binance’s announcement, all three digital assets experienced volatility on October 29.

FLM was trading near $0.02 before the announcement, and its price spiked near $0.03, immediately after.

As of this writing, FLM is trading above %0.02 with a market cap of more than $12,6 million, up by over 12% in the past 24 hours.

KDA and PERP, on the other hand, saw sharp price drops after the exchange revealed its delisting plans.

Two hours after the announcement, KDA’s price dropped from $0.06, reaching a low at $0.03 levels.

Currently, KDA is trading above $0.04, with a market cap of over $13,9 million. KDA is down by more than 34% today.

Immediately after the exchange announced its upcoming delisting, PERP price dropped from $0.21 to $0.17, before rebounding to current levels.

At the moment of writing this article, PERP is trading above $0.18, with a market cap of over $12,3 million. The digital asset is down by more than 15% in the past 24 hours.