Key Insights
- The BLASTUSDT delisting begins on KuCoin at 07:00 UTC on October 4, after new positions are blocked at 06:50 UTC.
- Bybit follows at 07:30 UTC and will close remaining positions using a 30-minute average index price.
- BLAST traded near $0.0002342, down 43.4% in 24 hours, while daily trading volume rose 115.2%.
KuCoin and Bybit will delist BLASTUSDT perpetual contracts on October 4 after the Blast Ethereum layer-2 network announced plans to wind down. The exchange deadlines are 30 minutes apart, creating a narrow window for traders to close positions before automatic settlement.
BLAST fell to about $0.0002342, according to CoinGecko data. The token lost 43.4% over 24 hours as trading volume more than doubled to $5.44 million.
BLASTUSDT Delisting Deadlines Differ by Exchange
KuCoin’s notice suspends new BLASTUSDT positions at 06:50 UTC on October 4. The contract is scheduled for removal at 07:00 UTC.
KuCoin said it will cancel open orders and settle remaining positions at the average index price during the final 30 minutes. Its trading bots lose support at 05:00 UTC, while copy trading ends at 06:00 UTC.
Bybit’s schedule runs slightly later. The exchange will cancel active and conditional orders at 07:30 UTC, then close open positions using the preceding 30-minute average index price.
The settlement method can produce a different result from a trader’s last observed quote. It also removes the option to wait for liquidity after the deadline. Both exchanges advised users to close positions before automatic settlement.
BLAST Price Falls 43% as Volume Doubles
The token’s price decline accelerated after the shutdown plan became public. CoinGecko put BLAST’s market capitalization near $16.5 million, with roughly 70.5 billion tokens in circulation.
BLAST is now 99.2% below its $0.02918 record high. The latest drop also erased the token’s late-September rebound, when it briefly traded near $0.000495.
Rising volume alongside a sharp price decline points to urgent repositioning rather than a quiet repricing. The exchange delistings further reduce access to leveraged BLAST exposure after the spot market selloff.
Blast Shutdown Leaves an October 26 Withdrawal Deadline
Blast said operating costs had exceeded revenue and that it no longer saw a credible path to continue. Users were directed to withdraw assets to Ethereum mainnet.
The normal bridge interface is expected to remain available until October 26. After that date, users may need to interact directly with bridge contracts. Lido-related withdrawals were temporarily unavailable while the network processed an exit that Blast said could take about one week.
The network’s total value locked stood near $21.3 million, far below its peak above $2 billion. That contraction helps explain why the shutdown notice quickly became an exchange-risk event rather than only a development update.
Blast’s unwind is separate from current institutional Ethereum positioning. Fusion Market News recently tracked four negative sessions in U.S. spot Ethereum ETF flows, offering context on pressure across Ethereum-linked markets.
The immediate catalysts are KuCoin’s 07:00 UTC and Bybit’s 07:30 UTC contract closures on October 4. The next network deadline is October 26, when Blast’s standard withdrawal interface is due to close.
Elsy kanana
Elsy Kanana is a financial and cryptocurrency journalist at FusionMarketNews, covering digital assets, blockchain technology, financial markets, and emerging fintech trends. Her reporting focuses on market movements, regulatory developments, and on-chain analytics, delivering clear, data-driven insights to readers worldwide.
