KEYTAKEAWAYS
- Four tokens dropped over 50% after Binance announced it will delist 14 tokens, triggering panic selling and market confidence loss.
- About 25.8% of Bitcoin is held at a loss, reflecting market pressure but not extreme fear. Macro factors continue to weigh on sentiment.
- PancakeSwap proposes major tokenomics changes, aiming for deflation and efficiency, but removing key features may risk losing community trust.
CONTENT
DUE TO BINANCE DELISTING, PROS, FIRO, AND 2 OTHER TOKENS DROP OVER 50%
On April 8, Binance market data showed that four tokens—PROS, FIRO, BETA, and CREAM—fell over 50%, likely due to Binance’s decision to delist 14 tokens.
- PROS dropped 54.66%, now trading at $0.1131
- FIRO dropped 51.99%, now trading at $0.349
- BETA dropped 50.78%, now at $0.008
- CREAM dropped 50.53%, now at $1.87
- VIDT fell 44.54%, now at $0.012
- NULS dropped 44.15%, now at $0.046
- UFT dropped 43.75%, now at $0.0225
Binance plans to delist these 14 tokens on April 16, based on a recent community vote.
Analysis:
A price drop of over 50% is expected after a Binance delisting, especially for low-liquidity tokens. Once removed from a major exchange, these tokens often enter a “death spiral.” The big drops in PROS and FIRO suggest the market has lost confidence in their fundamentals.
25.8% OF BITCOIN SUPPLY IS CURRENTLY AT A LOSS
According to CryptoQuant, 25.8% of Bitcoin supply (around 5,124,348 BTC) is currently held at a loss.
Analysis:
This shows the market is under stress, but not in extreme fear yet (compared to over 50% in 2022). Macro concerns like tariffs and liquidity selling are the main reasons. Without new capital (like ETF inflows), Bitcoin price may go even lower in the short term.
CAKE TOKENOMICS 3.0 PROPOSAL
- Target ~4% annual deflation
- Remove CAKE staking, veCAKE, gauge voting, and revenue sharing
-
Cut CAKE emissions for a more efficient system
Analysis:
This proposal shows PancakeSwap is shifting from pure growth to long-term value. The 4% deflation target is realistic thanks to its working burn mechanism. But removing staking and veCAKE features might be too aggressive—it could weaken user trust and hurt community engagement.
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