Binance Will Delist These 3 Altcoins—Yet Their Prices Are Skyrocketing

Three low-cap altcoins slated for delisting by the world’s largest exchange, Binance, experienced sharp price surges on September 10.

BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) initially plummeted following the delisting notice but rebounded dramatically today, defying expectations amid heightened volatility.

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BAKE, HIFI, and SLF Prices Rise: Here’s Why?

On September 3, BeInCrypto reported on Binance’s decision to cease trading support for these tokens effective September 17. The exchange cited routine reviews and compliance requirements, explaining that these assets no longer met its listing standards.

“At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it,” Binance stated.

The announcement initially battered prices. BAKE fell 20.26%, SLF dropped 25.27%, and HIFI declined 7.36%. This reflected investor panic over reduced accessibility and liquidity on Binance, which remains the largest crypto exchange by volume.

However, the story took an unexpected turn today. All three tokens saw synchronized price surges during early Asian market hours. Moreover, they peaked around the same time before modest corrections set in.

The biggest mover of the trio, BAKE, rose from $0.036 to $0.11. This represented a 205.5% appreciation. Even after correcting to $0.10, it maintained gains of 177%.

SLF followed, climbing from $0.024 to $0.050, a 108.3% rise. By press time, the altcoin had stabilized at $0.038, up by approximately 58%. 

Lastly, HIFI gained more modestly. The coin advanced from $0.058 to $0.094—a 62.1% increase. After pulling back, it traded at $0.080, marking a 35.4% appreciation.

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Notably, the majority of the trading activity for all three tokens originated from Binance. CoinGecko data showed that BAKE’s daily trading volume skyrocketed by 2,541.2% to $269.54 million in the past 24 hours. Binance pairs were the clear leaders, with BAKE/USDT accounting for 38.53% of trades and BAKE/TRY for 19%.

SLF saw its volume surge 658.50% to $56.15 million. Again, Binance trading pairs dominated. The SLF/USDT pair captured 30.23% of the activity, while SLF/TRY commanded an even larger 38.61%.

HIFI posted a 648.8% rise in trading volume, reaching $44.38 million. The HIFI/USDT pair on Binance accounted for nearly 43% of this total.

Analysts Warn of ‘Exit Liquidity’

The synchronized timing of the price jumps and pumped volumes has raised questions about what’s driving the sudden surge. Crypto analyst Wise Advice noted on X that short positions—bets against the tokens—combined with low liquidity, triggered violent upward pressure as shorts covered amid rising prices.

Another analyst claimed that the same manipulative group is orchestrating a pump-and-dump for all three tokens. The rise in  BAKE, SLF, and HIFI mirrors patterns observed with Alpaca Finance (ALPACA).

BeInCrypto highlighted that the token’s value quadrupled after a Binance delisting announcement. Nevertheless, ALPACA plunged afterward, with the losses amplified by Alpaca Finance’s closure.

Thus, despite today’s rally, the long-term prospects for BAKE, SLF, and HIFI remain uncertain. Once delisted from Binance, these tokens will lose their most liquid marketplace and be forced to rely on smaller exchanges. Historically, assets in similar situations have struggled to maintain visibility and investor interest after being removed from major platforms.