Binance, the world's largest cryptocurrency exchange, started the day with altcoin listings.
According to recent statements, Binance announced that it will list altcoins called The AI Prophecy (ACT) and Peanut the Squirrel (PNUT).
New Listings and Trading Pairs:
Binance will open trading on the following trading pairs starting at 10:00 AM UTC on November 11, 2024:
ACT/USDT
PNUT/USDT
Users will be able to start depositing ACT and PNUT tokens before trading these new trading pairs.
Additionally, withdrawals will be available starting at 10:00 (UTC) on November 12, 2024.
ACT and PNUT tokens will also be marked with a “seed” tag, a warning that projects can generally have higher volatility and carry greater risks for investors.
High Risk Warning:
Binance urged users to be careful with these new tokens. Since ACT and PNUT are relatively new tokens, they may carry higher risk than usual and be subject to large price fluctuations. It was noted that investors should do enough research to fully understand the projects and assess their risks before trading these tokens.
What is a Seed Label?
Binance has emphasized that tokens with a seed tag often represent innovative projects and may exhibit higher volatility and risk than other listed tokens. Therefore, ACT and PNUT tokens have also been marked with this tag.
Investors were warned to be careful before investing in these high-risk projects.