Crypto Shakeup: OKX Axes 8 Altcoins as NULS Crashes 42% in Market Chaos
Another day, another crypto bloodbath—OKX just pulled the plug on eight altcoins, sending NULS into a tailspin. Here’s the fallout.
Market Mayhem: Delisting Domino Effect
When exchanges trim their listings, traders scramble. NULS took the hardest hit—plunging 41.8% in a single day—proving once again that liquidity is a fickle friend in crypto’s Wild West.
Survival of the Fittest (or Most Hyped)
No mercy for underperformers. OKX’s delisting spree reads like a Darwinian cull, with low-volume tokens first against the wall. Traders left holding bags? Just another Tuesday in decentralized finance.
Closing Thought: Exchanges giveth, and exchanges taketh away—usually at the worst possible time. Maybe diversify beyond exchange listings… or just pray to the market gods harder.
OKX Delists 8 Altcoins
According to the official announcement, the delisted tokens include Alchemix (ALCX), NULS (NULS), Measurable Data (MDT), BORA (BORA), Cortex (CTXC), Nano (XNO), Venom (VENOM), and DappRadar (RADAR). These coins will be removed from trading against the USDT and USD trading pairs.
OKX cited its commitment to maintaining a secure and reliable trading environment, stating that the tokens no longer meet its stringent listing criteria.
“In order to maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications on a regular basis. Based on feedback from users and the OKX Token Delisting / Hiding Guideline, we will be delisting several trading pairs that do not fulfill our listing criteria,” the announcement read.
The exchange will delist the specified trading pairs between 8:00 AM and 10:00 AM UTC on June 20, 2025. Moreover, OKX urged users to cancel any open orders related to these pairs ahead of the delisting, as any remaining orders will be automatically canceled by the system. The cancellation process may take between 1 and 3 business days.
Deposits for the affected tokens have already been suspended on June 16, from 8:30 AM UTC. Withdrawals will be disabled starting 8:00 AM UTC September 20, 2025.
The market reaction was swift and severe, with NULS taking the hardest hit. The token plunged 41.8% in value. Despite a slight recovery, it remained down 36.5% at the time of writing.
This decline is not an isolated event for NULS, which has been facing significant market headwinds. Over the past year, its value has declined by 92.4%.
Meanwhile, CTXC followed with an 11.8% drop, but it also rebounded and minimized its losses to 3.5%
RADAR and MDT experienced declines of 5.6% and 4.2%, respectively, while BORA and VENOM saw more modest losses of 2.0% and 1.5%. Similar to other tokens, these also showed some recovery as of press time.
At the time of writing, RADAR, MDT, BORA, and VENOM were down just 0.17%, 2.5%, 0.23%, and 0.79%, respectively.
Despite an initial 1.4% dip, ALCX saw the strongest comeback and rose 0.8%. Lastly, OKX’s MOVE did not impact XNO’s market performance. The altcoin’s value continued climbing and was up 1.3% when writing.
