OKX Delists Six Spot Tokens: BAL, PERP, FLM, DEP, NC, LOOKS
OKX delists six spot tokens—BAL, PERP, FLM, DEP, NC and LOOKS—from its trading platform. USD pairs will be removed on November 19 (08:00–10:00 UTC), followed by USDT pairs on November 22 (08:00–10:00 UTC). Traders should exit positions or transfer assets before these dates. OKX delists these low-volume tokens in line with its asset optimization policy. Withdrawal services remain available for a limited time post-delisting. Market reactions to exchange delists often include short-term price volatility and shifts in liquidity. Affected traders are advised to monitor markets, consider alternative exchanges and adjust risk management strategies to mitigate potential losses.
Bearish
Exchange delistings often signal low liquidity and can trigger immediate selling pressure. When OKX delists spot tokens like BAL, PERP, FLM, DEP, NC and LOOKS, holders face forced exits or transfers, increasing short-term sell orders. Historical cases, such as Binance’s removal of low-volume tokens, resulted in 10–30% price drops within days. The delisting dates (Nov 19 and 22) create time-bound sell windows, likely amplifying volatility. In the mid-term, tokens may recover on other platforms if fundamentals are strong, but delisting reduces market visibility and exchange support, weighing on demand. Overall, the immediate impact is bearish due to anticipated sell-offs and reduced liquidity, while long-term effects depend on project developments and relisting potential.