Kraken started selling other people's tokens this week. A five-day liquidation window opened on August 3 for seven assets the exchange delisted in April, and anyone who left a balance behind gets whatever the order book will pay. The Kraken delisting notice is blunt about it: several of the assets have limited or inactive markets, and proceeds may end up minimal or nil.
The seven are PLANCK, AIR, MICHI, FLY, ANLOG, TERM and STRD. Trading and deposits were switched off on May 1, and withdrawals stayed open until 14:00 UTC on July 31. Miss that, and the exchange sells for you.
The order books they are selling into
MICHI is the biggest of the seven and it is still tiny. CoinGecko puts it at a $2.5 million market cap with about $28,900 of trading volume across every venue in 24 hours. PLANCK sits an order of magnitude below that. A liquidity snapshot taken on August 2 showed roughly $591 of daily volume and about $21 of displayed depth on either side of the mid within 2%. Twenty-one dollars. One mid-sized balance clears that book and keeps going, which is why the Kraken delisting notice warns that whatever bid sits there on the day becomes the price. The pattern showed up before, when three exchanges pulled 31 pairs and 7 tokens in a single week.
Fifty-six more assets are already scheduled
The April batch is the smallest one coming. Three later Kraken delisting notices have stacked up behind it, and read together they give a forced-sale calendar that runs to November.
| Notice | Assets | Trading off | Withdrawal cutoff | Liquidation window |
|---|---|---|---|---|
| April 2026 | 7 | May 1 | Jul 31 | Aug 3-7 |
| May 2026 | 21 | May 29 | Aug 27 | Sep 1-5 |
| June 2026 | 14 | Jun 29 | Sep 25 | Sep 28 to Oct 2 |
| July 2026 | 21 | Aug 10 | Nov 6 | Nov 9-13 |
Fifty-six assets across those three later notices, on top of the seven going now. The July list includes MNGO, KIN, NTRN, CLV, KP3R, OMNI and ACX, and its trading halt lands on August 10. TEER, in the May group, has already ceased operations, and Kraken says its on-chain transactions will not process at all. Those balances have no exit other than the automatic sale, unlike the six names Binance removed in April.
Three months of notice, then the book decides
The structure repeats every time. Trading stops first, withdrawals stay open for roughly three months, then a five-day window converts what is left. That beats the runway BitMart users got when that venue wound down, and it is also long enough for a dormant holder to forget the email, which is exactly the population most likely to be sitting on a token delisted for want of volume.
Pruning dead pairs is ordinary work. Lending markets run the same math, as Aave showed when it cut Sonic, and BitMEX is running a longer version of the same clock ahead of its closure. What makes the Kraken delisting schedule worth reading is the direction of travel: seven assets in April, twenty-one in May, fourteen in June, twenty-one again in July, from a business whose parent posted $507 million in first-quarter revenue. Mark August 10, when trading stops for the July list and its withdrawal clock starts.
