Deep Dive
1. Exchange Delistings (Bearish Impact)
Overview:
OKX will delist RACA/USDT and RACA/USDⓈ on 9–12 December 2025, suspending deposits (since 2 December) and withdrawals by March 2026. Binance and ONUS also plan removals, citing liquidity concerns.
What this means:
Delistings typically reduce trading access and liquidity, increasing volatility and sell pressure. RACA’s 24h volume ($1.76M) already fell 23.6% pre-announcement. Historical precedents like Foxy’s 47% drop post-delisting highlight risks.
Overview:
January 2024’s Lost World update added squad battles and Valhalla Points (redeemable for NFTs), while a partnership with Friend3 (15 Jan 2024) aimed to expand social features. The NFT marketplace claims $1B+ lifetime volume.
What this means:
Gameplay incentives could stabilize user activity, but metaverse tokens underperformed BTC by 23% YTD. RACA’s 90-day price drop (-45.7%) aligns with sector weakness, suggesting updates may only cushion declines.
3. Macro Sentiment (Bearish Impact)
Overview:
Crypto fear-greed index sits at 21/100 (“Fear”), with BTC dominance at 58.67% (6 Dec 2025). Altcoin season index remains in “Bitcoin Season,” favoring large caps over projects like RACA.
What this means:
Risk-off conditions hurt low-cap tokens: RACA’s 365-day return (-90.75%) trails the broader crypto market (-11.85% 30d). Until sentiment reverses, inflows into metaverse niches may stay muted.
Conclusion
RACA’s path hinges on mitigating exchange exits while proving metaverse utility in a risk-averse market. Traders should monitor whether Valhalla Points usage offsets delisting-driven sell pressure.
Can RACA’s NFT ecosystem retain liquidity as exchanges exit?