Coins.ph Delists SWEAT and SOVRN on May 22 After Standards Review

Coins.ph disabled deposits for SWEAT and SOVRN tokens on May 15 at 3:00 PM Philippine time. Both tokens will be fully delisted on May 22 at 3:00 PM.

The exchange said it reviewed both SWEAT (Sweat Economy) and SOVRN tokens and decided to delist them because they no longer adhere to its listing standards. Coins.ph operates under Bangko Sentral ng Pilipinas oversight through Betur Inc and DCPay Philippines Inc.

Coins.ph disabled the Convert Buy button for SWEAT on May 11, giving users a 10-day window before full trading suspension. SOVRN's Buy button remains active until May 21, just one day before the final cutoff. Users can still withdraw both tokens through their Coins.ph wallets until further notice. All Convert and Sell functions for both assets will shut down on May 22 alongside the delisting.

This marks the latest in a rapid-fire series of delistings. The exchange pulled POLIS on May 26, MAGATRUMP on May 21, VENOM on May 6, 1000SATS and STREAM on April 22, W3GG on April 17, RIZ on April 2, UNIBOT on March 30, and MOTHER on March 23. Major exchanges typically cite low liquidity or material project changes when removing tokens.

SWEAT Economy evolved from its original token launch to a broader ecosystem model, while SOVRN originates from an ad-tech and publisher technology company rather than a crypto-native project. Both backgrounds may have factored into the delisting decision under BSP's tighter compliance framework.

Coins.ph updated its Help Center notice on May 16 and offers support through Globe, Smart, and landline numbers from 7am to 9pm daily.

🇵🇭 Filipino Impact

Filipino traders holding SWEAT or SOVRN on Coins.ph have until May 22 to sell or until further notice to withdraw tokens to external wallets. The delisting wave reflects BSP's tighter compliance framework for Philippine-licensed exchanges, which could lead to more token removals across PDAX and other local platforms.