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Tokens soar 80% after listing on Binance
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Binance made two new listings on Tuesday (05), including the CoW protocol tokens and the Cetus Protocol on its platform. When the exchange revealed the listing of the aforementioned tokens, their prices soared by 82% and 60%, respectively, generating optimism in the market globally.
Meanwhile, traders also reacted positively to the listing announcement as trading volumes for the tokens increased by 2,058% and 812%, respectively. The movement consolidates the trend of strong appreciation of new or unknown tokens when they arrive on exchanges.
The appreciation of these tokens can be even greater when there is a solid project behind them, as is the case with Pepe Unchained, which brings together a Layer 2 specifically for the launch of memecoins. The success of the pre-sale is reflected in the amount raised, which reached US$25 million and proved to be the most promising among the new projects.
According to Binance’s official announcement, the official listing of tokens begins this Wednesday, November 6th, at 9am (Brasília time). From this time onwards, Binance customers will be able to trade COW/USDT and CETUS/USDT pairs.
COW and CETUS rise 80%
Withdrawals for tokens will be released from November 7th at 9am. Additionally, Binance zeroed the token listing fee to benefit the project and defined the contracts for the launch of each token:
Finally, Binance revealed that it will apply the seed tag to the two tokens, classifying them as “high-risk assets”. The announcement also revealed that Trading Bots and Spot Copy services will be enabled for COW and CETUS 24 hours after listing.
Overall, the Binance listing announcement fueled an upward trajectory in the prices of the aforementioned coins. The price of COW rose by almost 82.5% and reached a price of $0.4364 after its launch.
Simultaneously, CETUS price saw a 60% increase in value to reach $0.3106. Its intraday low and high were $0.174 and $0.241, respectively.
CETUS trading volume increased by 812% in the last 24 hours, moving US$116.53 million. But in addition to the two tokens, several memecoins saw strong increases. THE POPCAT soared nearly 25% on Nov. 6 after Binance announced the expansion of its services to memecoin.
Furthermore, even the price of MEW shot up nearly 12% after the exchange expanded trading offerings for the token recently, reaching $0.009459. These movements can shed light on what could happen to tokens like Pepe Unchained when they arrive on the market and on platforms like Binance.
Tokens soar 80% after listing on Binance
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Tokens soar 80% after listing on Binance
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Tokens soar 80% after listing on Binance
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Tokens soar 80% after listing on Binance
