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Vega Protocol

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DSLA Protocol

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The cryptocurrency market is consolidating after the recent rally, with leading crypto Bitcoin retreating to around $65,000 after surpassing $66,000. In this period, where the atmosphere has turned slightly negative, some negative news has led to sharp declines in the prices of certain altcoins. One of the major Bitcoin exchanges, KuCoin, has announced the removal of 27 altcoins from its platform. As a result of this development, several tokens experienced significant price drops.
<h2 id="kucoin-delists-27-altcoins-some-face-sharp-declines">KuCoin Delists 27 Altcoins, Some Face Sharp Declines</h2>
As reported by The Bit Journal, the market is consolidating over the weekend. In this environment, KuCoin, a leading Bitcoin exchange, decided to delist 27 altcoins from its platform. The exchange cited its “KuCoin Special Treatment Rules” as the basis for this decision. Some of the altcoins removed include SatoshiVM (SAVM), Rare Ball Portion (RBP), RefundCoin (RFD), DSLA Protocol (DSLA), and BOLT Token (BOLT). Other projects like Hourglass Protocol (HGP), hiBEANZ (HIBEANZ), and Polylastic (POLX) were also delisted.
Following this news, several tokens saw significant price drops. One&nbsp;was&nbsp;Polylastic (POLX), which lost nearly half its value. The altcoin dropped by over 48% in a single day. Although it slightly recovered afterward, it continued to trade at these levels.
<figure id="attachment_47128" aria-describedby="caption-attachment-47128" style="width: 100%" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" class="size-full wp-image-47128" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/POLX_1D_graph_coinmarketcap.png" alt="POLX Daily Price Chart. Source: CoinMarketCap" width="1200" height="800" title="Major Bitcoin Exchange Delists 27 Altcoins: Some Suffer Heavy Losses! 1">
 <figcaption id="caption-attachment-47128" class="wp-caption-text">
 POLX Daily Price Chart. Source: CoinMarketCap
 </figcaption>
</figure>
Another altcoin that saw a steep decline was BOLT Token (BOLT), which fell from $0.0025 to $0.00166 within the day. By writing, BOLT was trading at $0.00177, down more than 25% daily.
<figure id="attachment_47130" aria-describedby="caption-attachment-47130" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-47130" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/BOLT_1D_graph_coinmarketcap.png" alt="BOLT Daily Price Chart. Source: CoinMarketCap" width="1200" height="800" title="Major Bitcoin Exchange Delists 27 Altcoins: Some Suffer Heavy Losses! 2">
 <figcaption id="caption-attachment-47130" class="wp-caption-text">
 BOLT Daily Price Chart. Source: CoinMarketCap
 </figcaption>
</figure>
Among other heavily affected altcoins was DSLA Protocol (DSLA). Its price dropped from $0.000306 to $0.000264, a loss of over 10% in one day.
<figure id="attachment_47131" aria-describedby="caption-attachment-47131" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-47131" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/DSLA_1D_graph_coinmarketcap.png" alt="DSLA Daily Price Chart. Source: CoinMarketCap" width="1200" height="800" title="Major Bitcoin Exchange Delists 27 Altcoins: Some Suffer Heavy Losses! 3">
 <figcaption id="caption-attachment-47131" class="wp-caption-text">
 DSLA Daily Price Chart. Source: CoinMarketCap
 </figcaption>
</figure>
Altcoins such as SAVM, RBP, and RFD also suffered losses exceeding 5%.
<h2 id="full-list-of-delisted-tokens">Full List of Delisted Tokens</h2>
KuCoin’s decision emphasizes how leading exchanges have the power to significantly impact the altcoin market and demonstrates their commitment to maintaining the quality and integrity of the projects listed on their platforms. Altcoin investors and traders closely follow such delisting announcements. Below is the full list of the 27 altcoins that KuCoin has delisted:
<ul>
 <li>SatoshiVM (SAVM)</li>
 <li>Rare Ball Portion (RBP)</li>
 <li>RefundCoin (RFD)</li>
 <li>Super Rare Ball Portion (SRBP)</li>
 <li>DSLA Protocol (DSLA)</li>
 <li>WinGoal (MLS)</li>
 <li>UTXO (UTXO)</li>
 <li>TribeOne (HAKA)</li>
 <li>BOLT Token (BOLT)</li>
 <li>Hourglass Protocol (HGP)</li>
 <li>hiBEANZ (HIBEANZ)</li>
 <li>hiMOONBIRDS (HIBIRDS)</li>
 <li>hiENS3 (HIENS3)</li>
 <li>hiENS4 (HIENS4)</li>
 <li>hiFRIENDS (HIFRIENDS)</li>
 <li>hiPENGUINS (HIPENGUINS)</li>
 <li>hiSEALS (HISEALS)</li>
 <li>OOFP (OOFP)</li>
 <li>Polylastic (POLX)</li>
 <li>ZOOPIA (ZOOA)</li>
 <li>Calamari (KMA)</li>
 <li>ETGM (ETGM)</li>
 <li>AptosLaunchToken (ALT)</li>
 <li>Vega Protocol (VEGA)</li>
 <li>Mechaverse (MC)</li>
 <li>Metaverse.Network &amp; Bit.Country (NEER)</li>
 <li>Pastel (PSL)</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
KuCoin’s delisting of these altcoins highlights major exchanges’ influence over the market and how their actions can cause significant movements in altcoin prices. As noted by <a href="https://thebitjournal.com" target="_new" rel="noopener noreferrer nofollow">The Bit Journal</a>, altcoin investors need to stay vigilant to such announcements to protect their portfolios from unforeseen risks.

Major Bitcoin Exchange Delists 27 Altcoins: Some Suffer Heavy Losses!

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The Bit Journal

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