Binance Listing Boosts PYTH Token by 20%

Binance

Binance’s PYTH listing on February 2 triggers a 20% price surge, with Pyth Network’s Total Value Secured (TVS) hitting $2.43 billion, indicating robust adoption and community enthusiasm.

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In an important update, Binance, a top cryptocurrency exchange globally, revealed plans to add PYTH, the native token of the Pyth Network, to its platform. Trading for PYTH on Binance is set to start on February 2 at 12:00 UTC. This announcement has led to a notable price increase for the token, attracting considerable interest across the cryptocurrency market.



Binance Lists PYTH with New Trading Pairs

Binance, a top crypto exchange, has added PYTH for trading with new pairs like PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY. People can deposit PYTH tokens now and start trading soon. Withdrawals will open on February 3 at 12:00 UTC, and Binance is warning traders about its high volatility with a “seed tag.”

Meanwhile, the Pyth Network has hit a big milestone, securing a whopping $2.43 billion in Total Value Secured (TVS). This shows that more people are using the Pyth Network in the crypto world. The surge in TVS has excited crypto fans, marking the first significant jump since last December.

PYTH Token Price Surges Following Binance Listing

The PYTH token’s price shot up by an impressive 20.65% in the last day, reaching $0.4918. It even hit its highest value of the month at $0.5208 for a brief moment.

Looking at the weekly and monthly charts, there’s been substantial growth of 21.96% and 41.05%, respectively. With Binance listing the token, more support is expected, potentially leading to further price increases.

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In short, Binance listing PYTH has led to big growth in its price and popularity. The Total Value Secured (TVS) milestone shows that the Pyth Network is becoming more important in the crypto world, hinting at exciting times ahead for its development and growth.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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