Bybit Delists GMEUSDT, Price Spikes 15% After Exit
The post Bybit Delists GMEUSDT, Price Spikes 15% After Exit appeared on BitcoinEthereumNews.com. Bybit delisted GMEUSDT on March 25, 2025, citing failure to meet listing standards. GME price spiked 15% post-delisting despite earlier dip during low-volume trading. The delisting aligns with Bybit’s broader removal of low-cap tokens amid stricter compliance reviews. Bybit officially delisted the GME/USDT perpetual contract on March 25, 2025, at 9:00 AM UTC. The exchange confirmed that all trading, open orders, and bot activity tied to the contract were disabled. Positions were auto-closed using the 30-minute average index price before delisting. Bybit’s move impacted users involved in trading GME derivatives. Traders saw their positions forcibly closed, with no option to manage exposure or adjust stop-loss levels ahead of time. Despite the delisting, the GME token saw a surprising 15% jump within hours. Before delisting, GME traded near $0.0026. It then surged to a peak above $0.0033, according to CoinMarketCap data, before settling at $0.0030. GME Token Price Spike After Bybit Delisting: Source: CoinMarketCap This sudden spike followed an extended dip earlier that day. The pattern showed a sharp sell-off during low-volume Asian trading hours, followed by a rapid rebound after Bybit’s removal went live. Related: Bybit Swiftly Resolves Apple ID Glitch, Protects Users’ $100K Account Funds Bybit’s Rationale: Low Market Cap and Risk Controls Bybit stated that its decision was part of a routine review. The GME contract was one of several low-liquidity assets flagged by the exchange. The official announcement explained that failure to meet Bybit’s listing requirements triggers reviews and potential removal. According to Bybit’s March 19 statement, “All listed tokens are subject to regular review. If a token fails our listing standards, it may be delisted.” This policy also affected spot tokens like GG/USDT and IRL/USDT, which saw price drops of over 25% and 40%, respectively. GME’s removal from the perpetual contract section follows this broader cleanup…
The post Bybit Delists GMEUSDT, Price Spikes 15% After Exit appeared on BitcoinEthereumNews.com.
Bybit delisted GMEUSDT on March 25, 2025, citing failure to meet listing standards. GME price spiked 15% post-delisting despite earlier dip during low-volume trading. The delisting aligns with Bybit’s broader removal of low-cap tokens amid stricter compliance reviews. Bybit officially delisted the GME/USDT perpetual contract on March 25, 2025, at 9:00 AM UTC. The exchange confirmed that all trading, open orders, and bot activity tied to the contract were disabled. Positions were auto-closed using the 30-minute average index price before delisting. Bybit’s move impacted users involved in trading GME derivatives. Traders saw their positions forcibly closed, with no option to manage exposure or adjust stop-loss levels ahead of time. Despite the delisting, the GME token saw a surprising 15% jump within hours. Before delisting, GME traded near $0.0026. It then surged to a peak above $0.0033, according to CoinMarketCap data, before settling at $0.0030. GME Token Price Spike After Bybit Delisting: Source: CoinMarketCap This sudden spike followed an extended dip earlier that day. The pattern showed a sharp sell-off during low-volume Asian trading hours, followed by a rapid rebound after Bybit’s removal went live. Related: Bybit Swiftly Resolves Apple ID Glitch, Protects Users’ $100K Account Funds Bybit’s Rationale: Low Market Cap and Risk Controls Bybit stated that its decision was part of a routine review. The GME contract was one of several low-liquidity assets flagged by the exchange. The official announcement explained that failure to meet Bybit’s listing requirements triggers reviews and potential removal. According to Bybit’s March 19 statement, “All listed tokens are subject to regular review. If a token fails our listing standards, it may be delisted.” This policy also affected spot tokens like GG/USDT and IRL/USDT, which saw price drops of over 25% and 40%, respectively. GME’s removal from the perpetual contract section follows this broader cleanup…
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