Deep Dive
1. Binance Delisting Impact (Bearish)
Overview: Binance delisted LEVER on July 4, 2025, citing compliance and liquidity concerns (Binance). Phemex, ONUS, and others followed, reducing LEVER’s exchange support by ~40%.
What this means: Delistings typically trigger panic selling as traders exit positions pre-deadline. LEVER’s 24h volume fell 8.36% to $1M, reflecting thinning liquidity. With Binance handling ~30% of LEVER’s pre-delisting volume, the loss of its largest market accelerated the downtrend.
What to look out for: Further delistings on remaining platforms like Bybit, where LEVER perpetuals were removed June 29.
2. Token Supply Shock (Bearish)
Overview: LeverFi minted 13.7B LEVER tokens (24.6% of total supply) on June 30, coinciding with Binance’s delisting announcement. 4.2B tokens were moved to Bybit, stoking fears of a sell-off (Coinlive).
What this means: The minting diluted existing holders and shattered confidence in the team’s transparency. LEVER’s price fell 72% since the event, underperforming delisted peers like LTO (-42.8%). Historically, sudden supply expansions in low-liquidity tokens lead to prolonged sell pressure.
3. Technical Weakness (Bearish)
Overview: LEVER trades 65% below its 30-day SMA ($0.000145) with RSI 32.36 signaling oversold conditions. The MACD histogram (-0.0000085) shows bearish momentum accelerating.
What this means: While oversold RSI hints at possible relief, the lack of bullish reversal patterns (e.g., MACD crossover) suggests continued downside. The next support is the June 29 low of $0.0000575, a breach of which could trigger another 15-20% drop.
Conclusion
LEVER’s decline stems from collapsing exchange support, reckless token minting, and broken technical structure. While oversold conditions may invite short-term bounces, the project faces existential risks without transparent communication or relisting catalysts.
Key watch: Can LEVER hold the $0.0000575 support, or will fading liquidity lead to new lows?