Crypto exchange behemoth Binance issued a vital update on the crypto tokens Arkham (ARKM), Jito (JTO), StormX (STMX), TROY, BLUR, Convex Finance (CVX), Celestia (TIA), and SUN. Notably, the crypto exchange revealed that it is updating the ‘Monitoring and Seed’ tags for these mentioned assets, sparking market discussions globally. In turn, market participants anticipate whether the announcement could substantially impact the coins’ prices amid a bullish Q1 2025.
Binance Issues Important Update On ARKM, JTO, & These Crypto Assets
In an official Binance announcement dated January 2, the crypto exchange revealed that it is updating the tags for 8 crypto assets. Particularly, the exchange will extend the monitoring tag to include STMX and TROY. However, the same tag will also be removed for CVX and SUN tokens.
Simultaneously, the top crypto exchange will remove the Seed tag for ARKM, BLUR, JTO, and TIA tokens starting today. Overall, the updated offerings remain much eyed by investors as they could substantially impact the crypto’s market visibility and sentiment.
Also, the leading crypto exchange revealed that the coins with the Monitoring tag exhibit higher volatility and risks compared to other listed tokens. Aligning with these risks, Binance revealed that “tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.” Traders and investors keenly eye the coins as their future on one of the top exchanges in the industry remains uncertain.
It’s noteworthy that the abovementioned coins appear to be enjoying a bullish movement against the broader crypto market’s recovery.
How Are The Crypto Performing?
At the time of reporting, ARKM price gained nearly 15% intraday and is currently resting at $1.60. The coin’s 24-hour low and high were $1.38 and $1.62, respectively. Even JTO price surged 4% over the past day and is now trading at $3.25. Its 24-hour low and high were $3.11 and $3.26, respectively.
Intriguingly, TROY price witnessed a 31% surge to reach $0.007964 after Binance’s announcement. The coin’s 24-hour low and high were $0.006038 and $0.008133, respectively. Also, BLUR price soared over 9% today to reach $0.2576. Its 24-hour low and high were $0.2353 and $0.2577, respectively.
CVX price witnessed a 24% uptick in value and is now trading at $5.43. The coin’s 24-hour bottom and peak were $4.38 and $5.58, respectively. SUN and TIA prices soared 8%-12% intraday, reaching $0.02597 and $5.10, respectively.
On the other hand, STMX price was the only declining token, illustrating a 4% drop in value to $0.005564. Market enthusiasts continue to thoroughly monitor the tokens amid the broader market’s recovery-like trend and Binance’s announcements.
Notably, the crypto exchange previously ceased support for the DYDX token on ERC20, sparking price dip concerns. Simultaneously, the same exchange also expanded support for PHA and DF tokens, igniting sentiments of a price rally. Overall, these past chronicles underscore the firm’s influential stance on asset prices, with the latest announcement raising speculations on eight tokens’ future movements.
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