Binance Delisting Vote Flags 17 High-Risk Altcoins in 2025, FTX Tops

Binance, the world’s largest cryptocurrency exchange, has just wrapped up the second round of its “Vote to Delist” campaign — and the results are already shaking up parts of the crypto market. The campaign lets users vote on whether certain altcoins should remain listed on the platform. While these votes don’t directly decide a token’s fate, they send a strong message to Binance’s internal review team.

Now, with 17 tokens under the spotlight — including some big names like FTX Token (FTT) — traders and project teams alike are bracing for what could come next. Which coins are in trouble, and what does this say about shifting trust in the crypto world? Let’s break it down.

FTT Tops the List as Community’s Least Favorite

At the top of the list is the FTX Token (FTT), the native token of the collapsed FTX exchange. FTT received the highest number of votes for potential delisting, making up 11.1% of the total. Since the fall of FTX in November 2022, the token has faced ongoing criticism and has continued to lose value into 2025. In the past 24 hours alone, FTT dropped another 4.1% and is currently trading at $0.81.

Binance made it clear that while the community vote is important, it’s not the only factor in deciding whether a token stays or goes. The final decision will depend on Binance’s internal review process, which looks at factors like price volatility, trading activity, and overall risk.

Other Altcoins on the Chopping Block

FTT isn’t the only token in trouble. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of the vote. GoPlus Security (GPS) followed with 8.2%, and PlayDapp (PDA) got 7.6%. Several others are also at risk, including Voxies (VOXEL), Alpaca Finance (ALPACA), STP Network (STPT), and Flamingo Finance (FLM). Many of these tokens saw their prices drop after the vote, with JASMY and STPT falling nearly 6% each.

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More Tokens Under Community Scrutiny

The list of tokens that received notable votes also includes ARK, Biswap (BSW), MovieBloc (MBL), Wing Finance (WING), Ardor (ARDR), Perpetual Protocol (PERP), NKN, and LTO Network. While these tokens got fewer votes, their presence on the list suggests growing caution from the community.

Although Binance hasn’t made any final decisions yet, the voting trends reveal changing attitudes among users. As the crypto world becomes more community-focused, votes like these offer a glimpse into investor confidence.

For the tokens in question, this could signal a rough road ahead as they await Binance’s final verdict.