On April 9th, according to the review results, tokens such as BIFI, FIO, FUN, MDT, OXT, and WAN were delisted by the exchange in a concentrated manner. Once the news broke, the market quickly responded: FIO dropped over 21% in the short term, BIFI fell more than 26%, FUN nearly 28%, and MDT plunged over 36%. This is a true reflection of liquidity being drained.

Looking at the current situation, a very obvious change has occurred in the crypto world by 2026—the role of exchanges is no longer limited to “speculating on coins.” Now, platforms can directly participate in trading diverse assets such as US stocks, crude oil, gold, and silver. Many markets that many crypto players wanted to access but found difficult to enter in the past are now accessible within the same account.

Because of this, capital allocation has become more rational. If there are more mature, more liquid, and more transparent assets to participate in, then those small altcoins without fundamentals or capital backing will naturally be marginalized over time.

Exchanges themselves are commercial entities; listing assets requires maintenance, risk control, and liquidity support. Once certain tokens have no trading volume or user participation for a long time, being delisted is only a matter of time. For these small tokens, once they lose liquidity support from mainstream exchanges, their prices often collapse rapidly or even head straight to zero.

So, to put it simply: the current market environment is no longer suitable for gambling on those “small altcoins you’ve never heard of.” You might think you’re accumulating at a low point, but in reality, you could be just catching the last wave.

The first step to breaking free from the cycle of being exploited is to stay away from these high-risk, low-value assets and focus on more certain, more liquid assets. This is not conservatism, but a responsible approach to capital.