Binance to delist Vulcan Forged’s PYR and five other tokens on Aug. 17

In Brief:

• Binance will pull Vulcan Forged (official site)’s PYR from spot trading on Aug. 17 at 03:00 UTC, along with ACX, HFT, PIVX, VANRY and VIC.
• PYR dropped 18.31% at press time, the second-steepest fall in the group, after carrying Binance’s Monitoring Tag since July 3.
• The delisting lands 12 days after Vulcan Forged began unstaking and reimbursing PYR holders while it weighs a relaunch with a new team.

Binance will delist Vulcan Forged’s PYR from spot trading on Aug. 17 at 03:00 UTC, closing the token’s most active venue while the project decides whether it has a future at all.

PYR goes out alongside Across Protocol (ACX), Hashflow (HFT), PIVX, Vanar (VANRY) and Viction (VIC). Binance announced the removals Monday. All spot pairs using the six assets stop trading at the same moment and every open order is canceled automatically.

PYR fell 18.31% at press time, trailing only PIVX, which shed 19.27%. HFT slid 11.47% to an all-time low of $0.007. VIC lost 11.24% and ACX 5.22%. VANRY was the only gainer in the batch, up 8.23% after paring earlier losses. Prices across the group crashed within hours of the announcement before recovering some ground.

The wind-down calendar

Binance is dismantling the surrounding product lines first. Margin borrowing stops Aug. 4. On Aug. 7 at 08:30 UTC users can no longer open futures positions, and at 09:00 UTC Binance Futures closes every open position and runs automatic settlement, with contracts delisted once settlement completes. Margin delists the same day, as do Binance Pay and mining pool support.

Spot Copy Trading delists Aug. 10, when Simple Earn also redeems positions. Convert Low-Value Assets support ends Aug. 14. Deposits stop being credited Aug. 18.

Withdrawals stay open until Oct. 17. After that Binance may convert whatever is left into stablecoins.

Binance told users with open positions, loans or holdings to close, repay or transfer them before each deadline to avoid automatic settlement or forced liquidation.

No reason given per token

Binance didn’t name a separate reason for any of the six. It pointed instead to its standing review framework, which weighs liquidity, development activity, network safety, team conduct, transparency, tokenomics and regulatory changes.

None of this arrived cold. All six tokens picked up Binance’s Monitoring Tag between April and July, though how long they wore it varied from about three and a half weeks to more than 15. PIVX was tagged June 18. PYR and VANRY followed July 3. ACX was tagged July 24.

PYR lost roughly 11% in a single day when the tag landed, as traders priced in exactly this outcome.

Vulcan Forged was already restructuring

The delisting catches Vulcan Forged mid-retreat. On July 22 the team said it had started unstaking user PYR and reimbursing all holders while it evaluated a relaunch with “a new team, fresh funding” and a leaner system. The decision was weeks away and “ambiguous for now,” the team said. If a relaunch happens, only PYR holders would get access to it.

Unstaking releases a large block of tokens into circulation, adding sell pressure at the worst possible moment.

The team had been talking to Binance about getting the Monitoring Tag removed and said the exchange encouraged it to push ahead with the Vulcan-X release and keep building. That app went to alpha July 6, billed by the project as the “first EU regulated CEX that shares all fees with the users and gamifies the entire experience,” with user activity feeding PYR burns.

Vulcan Forged retired its ELY token on June 1 and made PYR the native gas token for its Elysium chain.

VANRY holders get extra work

Binance won’t process Vanar’s token contract swap. VANRY holders who want the new contract have to migrate themselves through Vanar’s portal. Withdrawals stay open on Ethereum (ERC20) and Polygon PoS in the meantime.

Delisting doesn’t kill any of these projects, which keep operating independently. But losing the largest exchange by volume drains liquidity and pushes holders to exit before the window shuts.

Jamie Thomson, founder and CEO of Vulcan Forged, posted his response to the Binance announcement on X: “Fud me Harder. Fuel me further. Cue the comeback and we’ll drink thy tears. 10/10. $PYR #Inferno #BuildersNeverDie #OGsWillEat”