The world’s leading cryptocurrency exchange has implemented several platform changes recently, sparking significant volatility across affected digital assets.
Ripple’s XRP is up about 6% on the week, but its price outlook is increasingly sensitive to the moves of large holders. Cardano’s ADA recorded a modest 2% gain over the past seven days, while many analysts remain optimistic that a much larger rally could still occur.
Binance Removes Several Coins
Earlier this week, the exchange removed Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS). Prices for these lesser-known altcoins plunged by double digits following the announcement, a typical market response.
When a major exchange like Binance discontinues support for certain tokens, it often reduces liquidity, limits access for traders, and damages the projects’ reputations—factors that commonly lead to sharp price declines.
Similar delistings occurred in April, when Binance ended support for Beefy.Finance (BIFI), FunToken (FUN), FIO Protocol (FIO), Orchid (OXT), Measurable Data Token (MDT), and Wanchain (WAN).
Other recent updates from the exchange included adding MEGA/U, TON/U, and TON/USD1 to its margin program and launching a BTC/USD1 perpetual contract with up to 100x leverage, moves that expand trading options while also increasing certain market risks.
XRP Turns Positive
Ripple’s cross-border token briefly reached a two-month high of $1.55 on May 14 before settling near $1.47, representing roughly a 6% weekly gain.
The upward move coincided with progress on U.S. regulatory clarity: the CLARITY Act passed the Senate Banking Committee 15-9 in a bipartisan vote, a development that may have encouraged renewed confidence in XRP.
Spot XRP exchange-traded funds continue to attract sizable inflows. Institutional buyers such as pension funds and hedge funds increasing their exposure forces ETF issuers to acquire the underlying asset to back shares, a demand-side factor that can support higher prices.
Whale activity is also notable. Large holders with at least 10 million XRP control over 45 billion tokens—nearly 70% of the circulating supply. This level of concentration indicates strong conviction among big investors but also means the market can be more vulnerable to large moves by these whales.
Where Could ADA Go Next?
Cardano’s native token gained only about 2% over the past week and trades near $0.26. Still, many members of the Cardano community expect a substantial bull run ahead.
Some commentators point to recurring structural patterns. One observer noted that ADA’s price action appears to mirror elements of its 2021 trajectory and highlighted “signs of strength,” projecting a potential target around $2.91—an implied multi-fold increase if such a rally materializes.
Other analysts emphasize key support levels. The $0.25 zone has repeatedly acted as a turning point for ADA: in January 2023, a rebound from that level preceded a near 90% gain in the ensuing weeks, while a September 2023 bounce from the same area preceded an even larger rally. These historical reactions make the $0.25 area a closely watched support for traders and investors.
As with all cryptocurrencies, future price action for XRP, ADA, and the delisted altcoins will depend on a mix of regulatory developments, institutional flows, exchange decisions, and large-holder behavior. Market participants should monitor liquidity, whale movements, and any further exchange policy changes when assessing risk and opportunity.