Biswap Thwarts Market Expectations with 118% Price Surge
On June 26, Binance publicly announced delisting of five tokens, including Biswap (BSW). While such announcements usually cause dramatic sell-offs, Biswap did the very opposite by forming a rapid 118% price surge from $0.017 to $0.037 in hours.
By the evening, BSW rested at around $0.026—still over 30% higher in 24 hours. The reaction demonstrates how crypto markets will move on narrative and sentiment as well as on fundamentals.
New Roadmap Triggers Investors’ Optimism
The shock jump is reported to be linked with Biswap’s newly released roadmap. The new roadmap aims to make the protocol even more decentralized, with users having a say in reward mechanisms through on-chain voting.
Other enhancements included enhanced governance features and tokenomics adjustments—measures that might have spoken of a more sustainable future to speculators and holders.
Why Binance Delisted Biswap
Binance regularly checks tokens listed for compliance, liquidity, dev activity, and overall security. While the exchange did not provide concrete reasons for delisting Biswap, the project might have been in non-compliance in one or more of these.
There were also past concerns over Biswap’s centralization and protocol security. Valix Consulting exposed a massive vulnerability for infinite BSW minting in 2021. Although it was resolved, it did harm trust.
Biswap’s History and Future
Launched in 2021 on the BNB Chain, Biswap is a decentralized exchange offering token swapping, liquidity supplying, and staking. Its all-time high was $2.13 in December 2021 before crashing over 99% from its peak.
With the Binance exit and new roadmap, Biswap’s future hinges on rebuilding trust again, decentralizing its governance, and proving its utility rather than short-term speculation.
