Deep Dive
1. Exchange Delistings (Bearish Impact)
Overview: Toobit announced LEVERUSDT futures delisting (effective Sept 2, 2025), following similar moves by Binance (July 4), Bybit (June 29), and Bitget (Aug 19). These actions reduce liquidity access for traders.
What this means: Each delisting amplifies sell pressure as holders exit positions pre-emptively. LEVER’s 24h volume fell 28% to $1.08M, signaling thinning markets. With futures contracts being phased out, hedging options diminish, increasing volatility risk.
What to look out for: Whether remaining exchanges like OKX or Gate.io maintain LEVER support.
2. Token Supply Concerns (Bearish Impact)
Overview: LeverFi minted 13.7B LEVER tokens (~25% of total supply) on June 30, 2025, coinciding with Binance’s delisting announcement. The team hasn’t clarified use cases for these tokens.
What this means: Sudden supply increases without proportional demand create sell-side pressure. On-chain data shows whales moved 2.1B LEVER to exchanges post-minting, likely contributing to the 60% price drop since June.
3. Technical Breakdown (Bearish Impact)
Overview: LEVER failed to hold the $0.000074977 pivot point, slipping below its 30-day SMA ($0.000089). The RSI-14 at 46 suggests neutral momentum but aligns with a descending channel.
What this means: Bears dominate near-term structure. A close below $0.00007 could target the June low of $0.000045. However, the MACD histogram turned positive (+0.000004), hinting at potential short-term consolidation.
Conclusion
LEVER’s decline reflects a toxic mix of shrinking liquidity venues, unresolved supply inflation, and weak technicals. While oversold conditions might invite a bounce, the absence of fundamental catalysts (e.g., exchange relistings, token burns) limits upside potential.
Key watch: Can LEVER defend the $0.00007 level amid Toobit’s Sept 2 delisting?