FTT Leads Binance’s ‘Vote to Delist’ Campaign as Community Pushes for Removal

Binance, the world’s largest crypto exchange by trading volume, has wrapped up the second round of its community-led “Vote to Delist” initiative. FTX Token (FTT), the native asset of the now-defunct FTX exchange, has emerged as the top candidate for potential removal.

As per the official post on Binance Square, the voting period lasted from April 10, 2025, at 04:00 UTC to April 16, 2025, at 23:59 UTC. FTT led the poll, collecting 11.1% of total votes.

Is Binance Set to Remove FTT?

The “Vote to Delist” campaign is part of Binance’s broader governance initiative, alongside its “Vote to List” counterpart. Through these efforts, Binance enables community involvement in evaluating tokens marked with a Monitoring Tag—usually due to high volatility or risk concerns.

Although the outcome reflects user sentiment, Binance clarified that voting results are not the sole determinant. The final decision will hinge on an internal project assessment.

“The voting result will not be the sole deciding factor to determine the final delisting decision. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Additionally, the delisting timeline will depend on Binance’s procedures,” the platform stated.

FTT’s lead in the vote among 17 tokens puts it at notable risk, especially given its tarnished reputation since FTX’s collapse in November 2022. The token has remained in a prolonged downward trajectory since early 2025.

At the time of writing, FTT is down 4.1% over the past 24 hours, currently trading at $0.81. The drop aligns with market responses observed in the campaign’s initial phase, where similar delisting fears sparked price declines.

Other Tokens Under the Microscope

Several other tokens also faced strong community backlash. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of the votes, followed by GoPlus Security (GPS) at 8.2% and PlayDapp (PDA) at 7.6%.

Voxies (VOXEL) trailed with 7.1%, while Alpaca Finance (ALPACA) secured 6.3%. STP Network (STPT) received 5.9%, and Flamingo Finance (FLM) garnered 4.3%.

These assets similarly recorded price drops. JASMY and STPT were among the hardest hit, each losing about 6%, while other altcoins posted more moderate declines.

Also on the list were ARK (5.8%), Biswap (BSW) with 5.5%, MovieBloc (MBL) at 4.2%, and Wing Finance (WING) with 3.8%. Ardor (ARDR) followed at 3.6%, with Perpetual Protocol (PERP) at 3.4%. NKN and LTO Network (LTO) rounded out the list with 3.2% and 2.9%, respectively.

While Binance has yet to announce its final decision, the vote signals a difficult road ahead for FTT and other tokens currently flagged for review. The market now awaits further updates as Binance concludes its internal evaluations.