- FTT leads Binance’s delisting vote with 11.1%, indicating market caution and looming doubts from FTX’s 2022 collapse.
- Binance emphasizes votes aren’t final; internal compliance and risk metrics will guide delisting decisions.
- JASMY and STPT drop over 6% as Binance’s “Vote to Delist” impacts prices across multiple high-risk tagged tokens.
FTT, the native token of the defunct FTX exchange, faces renewed uncertainty after Binance’s second “Vote to Delist” round. The voting phase, which ran from April 10 to April 16, 2025, placed FTT at the top of the list with 11.1% of community votes.
This process is part of Binance’s broader governance framework, which allows users to give input on tokens labeled with a Monitoring Tag. These tags flag assets with elevated risk or volatility. Although Binance emphasized that votes alone do not finalize delisting decisions, the vote result could weigh heavily on internal reviews.
FTT Tops List
Binance’s delisting vote included 17 tokens, but FTT led by a notable margin, suggesting increased market caution. According to Binance’s Square platform, voting results are influential but not binding.
Internal metrics and compliance assessments also play a central role in final decisions. FTT’s current market performance continues to decline. It traded at $0.80 at the time of writing, down 4.1% over 24 hours.
This drop followed a pattern similar to earlier sentiment-driven selloffs observed during the first voting round. Since the start of 2025, FTT has had a consistent downward pressure. Its ties to the 2022 collapse of FTX remain a factor for investor skepticism.
Community Voting Brings Transparency But Not Finality
Binance’s “Vote to Delist” program aims to increase user participation and transparency in evaluating high-risk tokens. Tokens selected for voting are typically marked due to liquidity issues, regulatory risks, or extreme volatility.
However, while community feedback holds importance, Binance made it clear that other internal criteria remain decisive. The exchange has not provided a fixed date for delisting outcomes and stated reviews are still in progress.
Binance also noted that procedural steps could delay any final action. The voting results have already impacted markets. FTT and several other voted tokens have experienced price volatility following the poll’s conclusion.
Other Tokens Also See Strong Price Declines
Following FTT, Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of total votes. GoPlus Security (GPS) followed closely with 8.2%, while PlayDapp (PDA) secured 7.6%.
Voxies (VOXEL) earned 7.1%, and Alpaca Finance (ALPACA) received 6.3% of votes. STP Network (STPT) followed at 5.9%, with Flamingo Finance (FLM) at 4.3%. JASMY and STPT recorded the largest declines among them, both falling by around 6%.
Other tokens included ARK (5.8%), Biswap (5.5%), and MovieBloc (4.2%). Wing Finance (3.8%), Ardor Platform (3.6%), Perpetual Protocol (3.4%), NKN (3.2%), and LTO Network (2.9%) rounded out the list.
