Why Bybit Delisted GME? Sudden Pump Follows Exit
- 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.
Immediate Aftermath: Sudden GME Price Spike
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.
This sudden spike followed an extended dip earlier that day. The pattern showed a sharp se…
The post Why Bybit Delisted GME? Sudden Pump Follows Exit appeared first on Coin Edition.
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Why Bybit Delisted GME? Sudden Pump Follows Exit
- 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.
Immediate Aftermath: Sudden GME Price Spike
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.
This sudden spike followed an extended dip earlier that day. The pattern showed a sharp se…
The post Why Bybit Delisted GME? Sudden Pump Follows Exit appeared first on Coin Edition.
Read More
Bybit Receives Backlash Over PUMP Token Sale Mismanagement