Binance will pull spot trading for five cryptocurrencies on May 27, sending the tokens into a steep slide. Syscoin, Automata, Phoenix, Enzyme, and Harvest Finance each lost more than 23% within hours of the announcement, with SYS shedding a third of its value.
The tokens being delisted
The exchange named Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS). All of them currently carry a Monitoring Tag on Binance — a warning label the exchange introduced in early 2025 for assets that might be removed. Three of the five — Harvest Finance, Enzyme, and Syscoin — had that tag added in April 2026. Past tokens like Beefy Finance and Orchid were delisted after receiving the same label.
Price drops across the board
The market reaction was immediate. Syscoin fell 33.77%. Automata dropped 33.33%. Phoenix lost 31.58%. Enzyme slid 27.71%. Harvest Finance declined 23.33%. All figures are based on Binance spot market data. The declines happened on a single day, and trading volumes surged as holders rushed to sell.
Timeline and what happens to funds
Binance will cancel all open trade orders for the delisted pairs at 3 a.m. UTC on May 27, 2026. Trading bots tied to those pairs will stop at the same time. After that, deposits won't be credited — the cutoff for receiving new tokens is 3 a.m. UTC on May 28. Withdrawals stay open much longer, until 3 a.m. UTC on July 27, 2026. That's a two-month window for anyone who wants to move tokens to another wallet or exchange.
Futures positions are closing even earlier. Binance Futures will settle all related contracts on May 19 at 9 a.m. UTC. Margin and loan products tied to the tokens will also unwind before the spot delisting. After July 28, any tokens still sitting on Binance may be converted into stablecoins. But the exchange said that conversion is not guaranteed and will be announced separately if it happens.
Why these tokens are being removed
Binance cited its periodic review criteria: trading volume and liquidity, development activity, team commitment, and regulatory factors. The company doesn't name specific failures for each token, but the process is standard. Tokens that don't meet thresholds across those categories get flagged, then delisted if they don't improve. The Monitoring Tag is the final warning before removal.
For holders, the next question is whether Binance will actually convert leftover tokens into stablecoins after the withdrawal deadline. That decision hasn't been made yet. For now, the safest option is to withdraw before July 27. Those who wait past that date might end up with tokens that are no longer tradeable on the world's largest exchange.
