Binance Announces It Will List a New Altcoin! The exact opposite of what was expected happened, the price crashed!

Binance announced that it will list Ronin (RONIN) and open trading on 05-02-2024 16:30 for the following spot trading pairs.

Binance Will List Ronin (RONIN) With Seed Tag Applied.

New Spot Trading Pairs: RONIN/BTC, RONIN/USDT, RONIN/FDUSD and RONIN/TRY.

Users can now start depositing RONIN to prepare for trading.

Withdrawal will open on 06-02-2024 at 16:30.

RONIN Listing Fee: 0 BNB.

The Seed Label will be applied to RONIN.

Price Dropped After My List News

With the listing news, the price of the Ronin coin experienced a sudden decline. The price decreased by 20 percent.

Usually, the price of altcoins that will be listed on the Binance exchange increases significantly. However, such a decline after the announcement reveals that there is manipulation on the altcoin.

RONIN is a relatively new token that carries higher risk than usual. Seed Tag represents an innovative project that may exhibit higher volatility and risk compared to other listed tokens.

To gain trading access to seed tagged tokens, users will be required to pass the relevant exams and accept the Terms of Use on Binance Spot and/or Binance Margin platforms every 90 days.

*This is not investment advice.

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