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OKX Announces Delisting of 5 Altcoins, Sparking Market Volatility

Source Beincrypto

Cryptocurrency exchange OKX has announced it will delist five altcoins from its spot trading platform, effective June 4, 2025.

The affected tokens include ZeroLend (ZERO), PARSIQ (PRQ), IQ (IQ), Artyfact (ARTY), and Samoyedcoin (SAMO). Following the announcement, all these tokens experienced declines in their market prices. However, some bounced back shortly after.

OKX to Delist 5 Altcoins

According to the official blog, the trading pairs to be removed from the platform are ZERO/USDT, ZERO/USD, PRQ/USDT, PRQ/USD, IQ/USDT, IQ/USD, ARTY/USDT, ARTY/USD, SAMO/USDT, and SAMO/USD.

In addition, the stablecoin pair USDT/USDC will also be delisted. The delisting process is scheduled between 8:00 AM and 10:00 AM UTC on June 4, 2025.

OKX explained that it decided to remove these tokens because they no longer meet its listing standards. It emphasized its commitment to regularly reviewing the performance of listed trading pairs and implementing delisting measures when necessary to uphold market standards.

“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,” OKX stated.

The exchange further noted that deposits for these tokens were suspended as of 6:00 AM UTC on May 28, 2025. Moreover, withdrawals will be halted starting September 4, 2025, at 8:00 AM UTC.

“Once the delisting is complete, you can find your assets under Assets > Untradable assets,” the exchange added.

Notably, all altcoins dipped shortly after the announcement, reflecting investor concerns about reduced liquidity and access. SAMO saw the sharpest fall of nearly 15%. It was followed by PRQ, which experienced an approximate 9% dip. ZERO and ARTY both depreciated around 4%. Lastly, IQ saw a minimal decline of 0.09%.

ZERO, PRQ, SAMO, ARTY, IQ Price Performance. Source: TradingView

However, PRQ and IQ reversed the losses at press time. They were up 7.9% and 0.4%, respectively. The declines of other tokens also tempered slightly.

The price drop is a typical market response following any delisting announcement. For example, yesterday’s announcement by Gate.io to delist 33 tokens triggered a similar reaction. Moreover, comparable trends have been observed when Binance has made similar delisting decisions.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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