Crypto Chaos: Binance’s Wild Ride with New Altcoins! 🚀💰

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TL;DR

  • The exchange has decided to play nice and introduced spot trading for three shiny new cryptocurrencies.
  • These tokens come with a Seed Tag, which is a fancy way of saying “high potential” and “please don’t blame us if you lose your shirt.”

The Selected Ones

In a move that can only be described as “let’s see what the peasants want,” the world’s largest crypto exchange recently held a community vote. The results? A triumvirate of tokens: Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL). The newly minted spot trading pairs include ONDO/USDT, ONDO/USDC, BIGTIME/USDT, BIGTIME/USDC, VIRTUAL/USDT, and VIRTUAL/USDC. Yes, that’s a lot of letters to remember!

Now, before you get too excited, it’s worth mentioning that these altcoins were previously available on Binance Alpha, which is now about as useful as a chocolate teapot. They will no longer be showcased there, and users can now transfer any available holdings to their shiny new spot accounts. Hooray for progress!

“The purchase function for the aforementioned token(s) will be stopped on Binance Alpha when spot trading opens on Binance Spot. The sell function on Binance Alpha will not be impacted,” the disclosure reads, which is a relief because who doesn’t love a good sell function?

After the token(s) is removed from Binance Alpha, users can still view their Alpha token balances from the Alpha Accounts, and transfer them to Spot Accounts to continue trading on Binance Spot,” the disclosure reads. Because why not add a few more steps to the process?

In a delightful twist of fate, the newly added tokens experienced a price surge that could make a rollercoaster jealous. BIGTIME shot up by 25% daily, reaching a two-month high of over $0.07. VIRTUAL also had a double-digit spike, while ONDO decided to take a more leisurely stroll. Support from Binance has injected these tokens with a credibility shot, which is a fancy way of saying they’re now more popular than a cat video on the internet.

But hold your horses! It’s important to note that the exchange listed ONDO, BIGTIME, and VIRTUAL with seed tags applied. This means they’re like that friend who’s super fun at parties but might also accidentally set your house on fire. So, proceed with caution, do your homework, and invest only what you’re willing to lose—like that last slice of pizza.

Delisting Causes the Opposite Reaction

In a plot twist worthy of a soap opera, earlier this month, Binance decided to remove 14 altcoins from its platform, causing prices to plummet faster than a lead balloon. Cream (CREAM) and Beta Finance (BETA) took the brunt of the hit, nosediving by roughly 60% shortly after the announcement. Ouch!

A similar crash was observed in October last year when the company decided to terminate all trading services with Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Because who doesn’t love a good dramatic exit?

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2025-04-11 16:54