BAKE, SLF, and HIFI will lose all trading pairs on Sept. 17, after failing to meet Binance’s review standards.
Following the announcement, BAKE’s price plunged 25%, SLF 23%, and the HIFI crypto 17% in 24 hours.
Without Binance’s support, all three face steeper downside, with recovery paths dependent on fresh demand.
Binance announced it will delist three altcoins within days, pulling the plug on their trading pairs. The news immediately sent the tokens crashing, with each suffering double-digit losses.
In this analysis, CCN explains why Binance chose to delist these projects. We also examine whether the altcoins can mount a recovery, or if this decision ends their relevance in the market.
Binance Set to Delist BAKE, SLF, and HIFI
According to the Binance delisting news, the affected altcoins are BakeryToken (BAKE), Self Chain (SLF), and Hifi Finance (HIFI).
The exchange confirmed that trading pairs for these tokens will be removed on Sept. 17.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Binance explained that it decided to delist them after a review showed the projects no longer meet the exchange’s high standards and industry requirements.
“Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2025-09-17 03:00 (UTC): BakeryToken (BAKE). Hifi Finance (HIFI), Self Chain (SLF),” Binance revealed.
Following the delisting news, BAKE’s price plunged 25%, SLF tumbled 23%, and HIFI shed 17% in the past 24 hours. These declines highlight how quickly markets react when Binance pulls support for a token.
But what’s next for the altcoins after this unfortunate development? Let’s find out.
BakeryToken (BAKE)
For those unfamiliar, BAKE is the native token of the decentralized Automated Market Maker (AMM) BakeryToken. Built as a BEP-20 token on the Binance Smart Chain, BAKE enjoyed a strong run during the 2021 bull market, climbing to an all-time high of $8.48.
Fast forward to today, and BAKE has lost 99% of its value amid fading demand. Technically, the daily chart shows a persistent downtrend since February, with the token posting lower highs and lower lows before forming a falling wedge.
Normally, a falling wedge can hint at a bullish reversal. But in this case, the Bull Bear Power (BBP) has slipped into negative territory, pointing to stronger selling pressure.
This makes it more likely that BAKE continues to crash, potentially dropping to $0.049.
Still, if sentiment shifts and a turnaround occurs, BAKE’s price could attempt to break above resistance and rally toward $0.15.
Self Chain (SLF)
SLF is another token hit hard by Binance’s delisting news. One year ago, the Self Chain token traded at an all-time high of $0.83. Today, it has collapsed by 95%, slipping to $0.040, a slight bounce from the new all-time low it touched earlier in the day.
On the daily chart, SLF trades below a key resistance line. The Chaikin Money Flow (CMF) has plunged to -0.52, signaling strong capital outflows and weak demand.
At the same time, the Bollinger Bands (BB) have tightened, a sign that volatility is compressing and a big move could be imminent.
Currently, the token sits in oversold territory. The BB contraction suggests a breakout is looming.
If buying pressure returns, SLF could slowly recover toward $0.19. But if selling pressure intensifies, the decline may deepen, pushing the altcoin to fresh lows.
Hifi Finance (HIFI)
Last on the list of altcoins caught in Binance’s delisting sweep is HIFI. Since the news broke, the token’s price has dropped 20%, while trading volume has spiked over 330%.
This surge in activity alongside falling prices shows that the downtrend remains strong, with sellers firmly in control.
The MACD has slipped into negative territory, but the 12 EMA (blue) and 26 EMA (orange) converge, suggesting that the correction could be nearing exhaustion.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
