ALCX Price Slides 30% as Binance Delisting Triggers 1,289% Withdrawal Spike

ALCX price fell 30% after Binance said it would delist the token, on-chain data shows. The June 26 announcement triggered a rush to reposition ahead of the July 10 deadline.

Withdrawal transactions from Binance jumped 1,289% week-over-week, climbing from a typical daily baseline of fewer than 20 transactions to 614 withdrawals on July 1, the highest level recorded during the period, according to on-chain data.

Exchange flows accelerated in both directions. Binance inflows climbed 3,856%, while outflows increased 1,484%, illustrating intense repositioning ahead of the delisting.

Some holders appear to be sending tokens back to Binance to exit their positions before trading ends, while others are withdrawing ALCX to self-custody or alternative exchanges where the asset will remain available, the data suggests.

The result has been a significant shift in where liquidity is concentrated, reducing the amount of tradable liquidity remaining on Binance.

Active addresses increased 107%, while total token transfers surged 510% after the delisting news. Rather than pointing to renewed adoption or stronger demand, the spike appears to reflect users reorganizing their holdings in response to the upcoming exchange removal.

Persistent negative net flows of 285% indicate that more capital continues leaving Binance than entering it, reinforcing the view that liquidity is steadily migrating away from the exchange.

With Binance serving as one of the token's major trading venues, its removal creates a temporary liquidity vacuum as traders relocate funds and market makers adjust their inventories across other platforms.

The longer-term impact on ALCX price will likely depend on how quickly liquidity stabilizes across the exchanges that continue supporting the token after Binance completes the delisting.