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Cryptocurrency News Articles

New Binance Spot Listings See Impressive Price Increases, Especially Tokens Not Previously Traded on CEXs or DEXs

Dec 18, 2024 at 12:07 pm

Data from Binance and CryptoRank.io shows significant price jumps for several tokens on their listing day. These trends highlight the rising investor interest in new projects

New Binance Spot Listings See Impressive Price Increases, Especially Tokens Not Previously Traded on CEXs or DEXs

New listings on Binance Spot have seen impressive price increases, especially tokens not previously traded on centralized or decentralized exchanges.

Data from Binance and CryptoRank.io shows significant price jumps for several tokens on their listing day. These trends highlight the rising investor interest in new projects, especially those linked to popular ecosystems like Solana, Binance Smart Chain, and Superchain.

Performance Of Coins Recently Added On Binance SpotAn analysis of 24h price performance of coins recently added to Binance Spot reveals that not all tokens experience substantial price growth. While $ACT and $PNUT saw a significant surge, drawing strong attention from the… pic.twitter.com/P5Vdr0ONhv

ACT Token Soars with Record Gains

The standout performer among the newly listed tokens is ACT, an AI-agent token built on Solana. According to data from CoinMarketCap, ACT, an AI-agent token on the Solana blockchain, led the charge with an extraordinary 2247% price increase on its listing day.

This surge makes it one of the most significant performers in recent months. As of today, the live ACT price is $0.014607, with a 24-hour trading volume of $131,343. It is up by 0.40% in the last 24 hours.

Following closely behind, THENA, a DEX token on Binance Smart Chain, recorded a 1716% price increase on its listing day. This surge shows a growing interest in decentralized finance (DeFi) solutions. While the current price of THENA is unavailable, it demonstrated strong early performance.

Another notable performer is PNUT, a memecoin on Solana, which saw a 275% increase on its debut. Despite the volatility common in memecoins, PNUT’s strong listing performance is noteworthy. Its current price is $1.06, with a 24-hour trading volume of $471,658,450. However, it has fallen by 3.23% in the last 24 hours.

Read also: PNUT Whale Withdraws $6 Million in ACT Tokens From Binance: Bullish or Moving Funds?

Mid-Range Performers Highlight DeFi and Cross-Chain Trends

In addition to these top performers, several other tokens posted substantial gains, particularly those tied to decentralized finance and cross-chain solutions. CoW Swap, a DEX aggregator, saw a 110% price surge, demonstrating investor interest in platforms that streamline decentralized trading. Currently, CoW Protocol is priced at $0.771015, despite a 12.36% decline in the last 24 hours.

Across, a cross-chain token, climbed 90%, while Orca, a Solana-based DEX, rose 85% on its listing day. Orca’s current price is $4.61, with a 24-hour trading volume of $59,815,844, though it has dropped by 5.80% in the last 24 hours. Velodrome Finance, a Superchain-based DEX, came in close behind with an 84% increase but has seen its price fall to $0.192419.

Lower Performers Include Kaia Network and Cetus Protocol

Cetus, a DEX token on Aptos and Sui, posted a 57% gain on its listing day. However, it is now priced at $0.388918, down 8.09% in the last 24 hours. Also on the lower end of the performance spectrum, Simon’s Cat, a memecoin on Binance Smart Chain, recorded a 44% rise but has since fallen by 21.34% to $0.000052.

Kaia Network, an EVM-chain token, saw the lowest price increase among the group at 14%. It is currently priced at $0.265370, with a 24-hour trading volume of $71,236,383, showing a minor 2.86% decline.

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News source:coinedition.com

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Other articles published on Dec 18, 2024