LeverFi sparked market upheaval by minting approximately 13.7 billion LEVER tokens on June 30, 2025, coinciding precisely with Binance’s announcement that it will delist the token effective July 4, 2025. The simultaneous events precipitated a significant LEVER price crash, intensifying scrutiny over project transparency and operational governance.
The token minting occurred without public explanation from LeverFi’s development team amid Binance’s delisting notification. Observers highlight the incident as exposing vulnerabilities in decentralized finance governance models and critical dependencies on exchange relationships, particularly during major token supply adjustments.
Investors reacted swiftly to the developments, accelerating selling pressure as confidence eroded due to LeverFi’s lack of communication. The episode underscores pressing demands for clearer governance frameworks and project transparency within decentralized ecosystems during periods of significant market disruption.