Binance's watchlist update aims to identify tokens that carry higher risk and volatility. As of July 1, 2024, the following codes have been added to the watch tag list:

- Balancer (BAL)

- Cortex (CTXC)

- Powerball (CVP)

- Convex Finance (CVX)

- DOCK

- Kava Lind (HARD)

- IRIS Net

- Movie Block (MBL)

- The beginning of polka (POLS)

- Status (SNT)

- Sun (SUN)

In contrast, the following two codes have been removed from the list:

- Enzyme (MLN)

- Horizon (ZEN)

Tokens are evaluated based on several criteria such as team commitment to the project, quality of development activity, trading volume and liquidity, network stability and security, public communication and transparency, and responsiveness to due diligence requests.