Bybit to Delist Certain Assets from Bybit Alpha
Cryptocurrency exchange Bybit has announced the delisting of specific assets from its Bybit Alpha platform, effective immediately. The exchange will no longer support these assets moving forward.
Delisting Details
The affected assets include:
- Token Name: PANDU
- Contract Address: 76rTxzztXjJe7AUaBi7jQ5J61MFgpQgB4Cc934sWbonk
- Token Name: PANDU
- Contract Address: 4NGbC4RRrUjS78ooSN53Up7gSg4dGrj6F6dxpMWHbonk
Delisting Procedure and Timeline
Holders of the delisted assets will have until August 5, 2026, at 8:00 AM UTC, to sell or convert their holdings. During this period, users can sell the assets at any time. Alternatively, they may convert them into supported settlement currencies, including USDT, USDC, SOL, or bbSOL, directly through Bybit Alpha.
After August 12, 2026, at 8:00 AM UTC, any remaining holdings will be automatically liquidated. The liquidation process will prioritize selling assets in the following order: USDT, USDC, SOL, and finally bbSOL. The execution time and final settlement price will be contingent on on-chain liquidity, and a 0.5% liquidation fee will be applied.
Important Considerations for Users
Bybit has emphasized that assets purchased on Bybit Alpha cannot be withdrawn and can only be sold into the designated supported settlement currencies.
To mitigate potential losses stemming from liquidity issues or price volatility, users are strongly advised to sell their affected assets before the stated deadline. Following automatic liquidation, any proceeds will be credited to users’ Unified Trading Accounts.
Risk Disclosure
Bybit reminds users that cryptocurrency trading carries substantial risk and may lead to the loss of invested capital. Individuals should ensure they fully comprehend the inherent risks, assess their experience level and investment objectives, and seek independent financial advice if necessary. Bybit disclaims any liability or responsibility for losses incurred through trading on its platform.
Leave a Reply