Binance is pulling ICON, Secret and Storj from its spot exchange, with trading pairs set to close on September 3 at 03:00 UTC. The August 20 announcement pushed all three tokens to all-time lows, though Storj briefly rebounded on the news.
Deposits for the delisted tokens won't be credited after September 4, the exchange said. Withdrawals remain open until November 3, and any balances left after that date may be converted into stablecoins starting November 4.
A tight timeline for token holders
The delisting process leaves holders with a narrow window to act. Spot trading stops September 3, deposits stop the next day, and the withdrawal deadline is November 3. After that, Binance may convert remaining balances to stablecoins — a move that typically locks in whatever price the token has at that moment, with no guarantee of a recovery.
All three tokens trade more than 98% below their historical peaks, and each has its own set of problems that pushed the price down.
Secret's migration to Arbitrum
Secret (SCRT) hit an all-time low of $0.02073, down 18.8% in 24 hours and 24.4% over the past week. The token is in the middle of a migration crisis: SCRT Labs plans to end support for the Cosmos-based network on September 1 and move to an ERC-20 version on Arbitrum. That shift has left holders unsure how the migration will work, and the uncertainty has hammered the price.
The Binance delisting adds another layer of pressure, cutting off one of the main trading venues just days before the network switch.
ICON's shutdown and SODA swap
ICON (ICX) dropped to an all-time low of $0.01529, down 12.5% in 24 hours and 19.1% over the past week. The token had already been flagged with a Binance Monitoring Tag on August 11, a warning that often precedes a delisting. Now ICON is facing a scheduled network shutdown, and holders are being asked to migrate to SODA tokens through the Soda Xchange merger.
That swap adds friction and risk, and the market has responded by selling off. The delisting removes one of the last liquid venues for ICX trading.
Storj's bankruptcy and equity offer
Storj (STORJ) presents a different case. Its parent company, Storj Labs, filed for Chapter 11 bankruptcy protection on July 26, proposing a path for STORJ holders to claim equity in the reorganized business. That news initially pushed the token down, but on the day of Binance's delisting announcement, STORJ actually gained 3% to $0.04131, after briefly touching its all-time low of $0.03749. Trading volume jumped 85.2%.
The equity claim proposal might have offered a sliver of hope, but the Binance delisting still removes a major trading venue. And more exchanges are following suit.
More exchanges drop Storj
Upbit and Bithumb separately plan to delist Storj on September 14, just 11 days after Binance's spot pairs close. That means Storj holders will have to move fast if they want to trade before the token loses its main markets.
The clock is running for traders. Spot pairs close September 3, deposits stop the next day, and withdrawals end November 3. After that, leftover balances face conversion to stablecoins.
