Among the many tokens to be delisted is Celo Dollar (CUSD), a stablecoin. Many of the tokens within the delisting have low market capitalizations, one thing that may have influenced Bybit’s determination.
Deposits of those tokens will likely be halted at 8 AM UTC on March 20, 2025. Merchants can withdraw the delisted tokens till June 20, 2025, at 8 AM UTC earlier than withdrawals are disabled.
Bybit said that the delisting goals to keep up a safe and high quality buying and selling atmosphere. The alternate usually opinions listed tokens to make sure they meet its requirements.
The announcement has already impacted the affected tokens’ costs. Rebase GG (IRL) noticed the steepest drop, plunging 41.3% previously 24 hours. Reboot (GG) adopted with a 25% decline, whereas Imaginary Ones (BUBBLE) and Planet Token (PLANET) fell by 15.5% and 11.8%, respectively. In the meantime, Altava (TAVA) confirmed some resilience, gaining 3.7%.
Token costs usually drop following delistings as a result of diminished liquidity and misplaced market confidence. For merchants, it serves as a reminder to remain educated and adapt to present market circumstances.
