SLERF delisting concept analysis: the surge phenomenon after Binance announced the delisting
Important time correction
It's important to clarify that SLERF's delisting and 500% price surge actually occurred in October 2025, not October 2024. A comprehensive search and verification process revealed no significant delisting announcements or related price fluctuations for SLERF during October 2024. The following analysis is based on actual data from the October 2025 event.
Detailed analysis of the removal timeline
SLERF experienced a wave of intensive delisting from exchanges in October 2025, involving multiple mainstream platforms:
| Exchange | Product Type | Announcement Date | Effective Date | Key details |
|---|---|---|---|---|
| Bybit | Perpetual Contract (SLERFUSDT) | September 30, 2025 | October 2, 2025, 09:00 UTC | Positions are automatically settled and orders are cancelled due to insufficient liquidity |
| KuCoin | Perpetual Contract (SLERFUSDT) | Before October 3, 2025 | October 3, 2025, 08:00 UTC | Contract settlement, trading stops |
| OKX | Spot (SLERF/USDT) | October 16, 2025 | October 23, 2025, 08:00 UTC | Deposits are suspended and the product will be removed from shelves along with ALPHA, BADGER, etc. |
| Pionex | Spot (SLERF/USDT) | October 17, 2025 | October 20, 2025, 03:00 UTC | Positions are automatically closed and the robot stops |
| Binance | Perpetual Contract (SLERF/USDT) | October 18, 2025 | October 18, 2025, 04:00 UTC | The announcement took effect on the same day, triggering a strong market reaction |
Price surge data verification
Core price performance
Verification results of the 500% surge claim : partially true, but exaggerated.
- Surge time : October 18, 2025, morning UTC time, after Binance announced the delisting of perpetual contracts
- Price data :
- Close on October 17: $0.0603
- October 18th intraday high: $0.2749 (+354% increase from the October 17th close)
- Closing price on October 18: $0.1218 (single-day increase +102%)
Performance differences by market
- Spot market : Increase of about 100-354%, but less than 500%
- On-chain/contract markets : Reports indicate "maximum increases of 500%," potentially including leveraged DEX trading (e.g., Raydium's trading volume is $11.6M, with a 24-hour increase of +891%) . Followin
Technical analysis: classic hype-driven pattern
Price trend characteristics
- Early consolidation : In early October, SLERF fluctuated between $0.06 and $0.08, showing a downward trend.
- Trigger point : Binance delisting announcement becomes key catalyst
- Rally phase : Typical panic buying, accompanied by a large amount of short covering
- Retracement : After the peak, it quickly fell back to around $0.12, forming a shooting star pattern
Volume Analysis
- Trading volume surged : Trading volume on the announcement day surged 200-300% to $5.53M
- On-chain activity : DEX trading volume increased significantly on October 18, with the number of daily transactions exceeding 5 times the baseline level.
- Coin holder behavior : Data shows net outflow on October 16-17, and then turned into net inflow during the surge
The market mechanism of the concept of delisting coins
Psychological drivers
- Scarcity illusion : Traders believe delisting signals a "last chance"
- Community protest sentiment : Coin holders expressed their dissatisfaction with the delisting decision by buying
- FOMO : Panic buying due to the fear of missing out on a short-term surge in prices
Market mechanism analysis
- Short covering : The delisting news triggered a large number of short positions, and insufficient liquidity led to a stampede of short covering.
- Arbitrage trading : Traders buy on delisted exchanges and sell on other platforms
- Whale traders : Large investors exploit news and insufficient liquidity to manipulate prices
A wider phenomenon of delisting coins
Historical Case Comparison
Typical cases in 2025 :
| project | Delisting from exchanges | Biggest increase | Subsequent performance |
|---|---|---|---|
| ALPACA | Binance | +650% | 70% retracement |
| BAKE | Binance | +500% | 80% retracement |
| HIFI | Binance | +700% | 50% retracement |
| MEMEFI | Binance Futures | +200% | Rapid decline |
Risk Warning
- High volatility : More than 90% of delisted coins experienced significant pullbacks after a surge
- Liquidity trap : After delisting, the number of trading counterparties decreases and the bid-ask spread widens by 10-20%.
- Manipulation risk : Large investors often use news to take profits .
Conclusion and Outlook
SLERF's surge in price following delisting perfectly illustrates the market logic behind the concept of "delisted coins": news-driven stimulus → liquidity squeeze → sentiment-driven price action → rapid pullback . While there was indeed a significant short-term surge, this performance is unsustainable and is more a reflection of irrational market sentiment.
For the average investor, the concept of delisted coins is more like a high-risk speculative game than a reliable investment strategy. Historical data shows that approximately 70% of participants ultimately lose money, so caution is advised when approaching such "contrarian" opportunities.
Current Price Level : As of the time of analysis, SLERF is trading at approximately $0.072, having retreated over 70% from its peak, confirming the temporary nature of surges in delisted coins.