The world's largest crypto exchange Binance released an announcement yesterday (7th) to announce an upgrade to its listing mechanism, including:

• When a project has a dedicated listing budget, Binance will disclose it in its listing announcement and continue to distribute the tokens within the budget to Binance users through various forms of airdrops. Binance does not charge any listing fees.
• Launching a "Voting for Listing" and "Voting for Delisting" mechanism to increase community participation and give users more say in the listing process.
• Providing direct access to the Binance Alpha Observation Zone for TGE (Token Generation Event) projects exclusive to the Binance Wallet.

However, as soon as the "Voting for Delisting" mechanism was launched, the community's target was directly pointed at Ethereum (ETH)

Community Frenzy: Vote to Delist ETH!

Former crypto angel investor Kay Capital tweeted:

I want to vote to delist ETH, anyone with me?

Let vitalik build new concepts for the ETH ecosystem and then give him a chance to relist.

Destroy the ETF, let them know the reserves they hold are not the native XX of the crypto world.

This tweet immediately caused a stir in the community, and another angel investor Yuyue directly copied and pasted it, adding a final sentence:

No destruction, no creation, delist ETH, and everything will be born!

Since then, these four sentences have instantly become a meme in the community, with many well-known KOLs copying and posting in support, and "delisting ETH" has become a hot topic.

Can ETH Really Be Delisted?

However, according to Binance's "Voting for Delisting" rules, Binance only allows tokens in the "Monitoring Zone" to enter the delisting vote, and the characteristics of these tokens include:

• No product development updates,
• No community and project maintenance,
• No regular progress updates,
• Issuance or major risk behaviors

Binance stated that the specific rules for voting to delist will be announced when the product goes live.

Therefore, not all Binance users can vote to delist any token, only projects listed in the risk monitoring zone have the possibility of entering the voting stage. However, Ethereum is still one of the most active public chains for developers, and it has also been continuously testing and announcing progress on the Pectra upgrade recently, and the project is maintained by the Ethereum Foundation, so the probability of it entering the "Monitoring Zone" is close to 0.

In other words, Binance cannot possibly list ETH in the "Voting for Delisting" scope, and ETH will not have the opportunity for the community to decide whether to delist it.

Although this "ETH Delisting Movement" may ultimately be just a farce, it has also sounded an alarm for Ethereum - in the current market environment, the community's dissatisfaction with ETH is still accumulating.