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Ethereum-based tokens soar 140% with launch on Binance
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Binance exchange announced a plan to list the Across Protocol and Orca tokens this Friday (6). As a result, the ACX and ORCA tokens appreciated by 140% and 95%, respectivelydue to strong demand for both.
The ORCA token was worth around $4.00 according to CoinGecko, but its price soon rose to $7.22 following Binance’s announcement. On the other hand, ACX did an even bigger bullish leg and went from US$0.61 to almost US$1.40. The latter had a slight drop in price, but still records gains of 108% and is worth US$1.24.
New tokens entering large platforms can experience exponential returns – the famous “Binance effect” or “Coinbase effect”. AND One of these promising tokens is CatSlap, which brings an innovative earning model and a special offer to acquire the token below its market price.
In its official announcement, Binance said it will list the tokens starting at 11am this Friday (Brasília time). Users will be able to trade ACX/USDT and ORCA/USDT pairs. However, the two tokens will receive the company’s seed tag, which classifies both as “high volatility and risk”.
Binance lists Across Protocol and Orca tokens
ACX powers the Across Protocol interoperability bridge, which facilitates integration between multiple blockchains. ORCA is the official token of the decentralized exchange (DEX) of the same name and operates on both Ethereum and Solana.
Binance customers can start trading tokens immediatelyas well as making deposits. Withdrawals will open at 11am (Brasília time) on December 7th.
Furthermore, the exchange will add the tokens to its trading robots and Copy Trading platforms for anyone who wants to trade with them. These listings will occur within 24 hours of listing.
The Ethereum-based Across Protocol and Solana-based DEX are innovative projects and are widely used by the cryptocurrency community. They were the latest tokens to experience the “Binance effect”, the strong appreciation suffered by smaller tokens when the exchange announces their listing.
The first investors and whales are already depositing and selling ACX token on Binance. A whale sold 2.4 million tokens (worth $2.85 million) when the token price surpassed $1.00 generating a profit of $2.56 million.
In addition to Binance, Bybit listed the ACXUSDT perpetual contractoffering leverage of up to 50x. With this, the exchange was the first to list a perpetual ACX contract.
Ethereum-based tokens soar 140% with launch on Binance
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Ethereum-based tokens soar 140% with launch on Binance
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Ethereum-based tokens soar 140% with launch on Binance
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Ethereum-based tokens soar 140% with launch on Binance
