Deep Dive
1. Delisted by Gate.io (21 May 2025)
Overview:
Gate.io removed FROG and 24 other tokens on May 1, 2025, after failing platform criteria. All trading pairs and services (spot, margin, Simple Earn) halted, with forced liquidation of open positions. Withdrawals remain available until June 1, 2025, except for HT-chain tokens.
What this means:
This is bearish for FROG because losing a major exchange reduces liquidity and investor access. The forced sell-off of leveraged positions likely contributed to FROG’s 14.5% price drop on May 1. Delisting often signals weak project fundamentals or compliance issues. (Gate.io)
2. Buyback Limits Strain Holders (21 May 2025)
Overview:
Gate offered a buyback at undisclosed FROG rates (similar tokens like AMU bought at 0.00014598 USDT – 85% below market value). Users could claim ≤100 USDT total, insufficient for most bags given FROG’s $0.000948 price (current $4.74M market cap).
What this means:
This compounds bearish pressure by capping exit liquidity. Retail holders face steep losses unless they offload tokens elsewhere. The 100 USDT/user limit suggests Gate anticipates minimal participation, potentially leaving stranded assets.
Conclusion
FROG’s exchange exodus highlights risks in low-cap tokens – liquidity vanishes fast when platforms pull support. With 5B circulating supply and dwindling markets, can developers pivot to decentralized exchanges or new partnerships before June’s withdrawal cutoff?