The VANA token linked to a metaverse-centered initiative called the Nirvana project skyrocketed to great heights after Binance Launchpool released an announcement saying it will list a native token from the Vana explorer, native EVM-compatible L1 blockchain for user-owned data.

Although the Nirvana token bears no connection to the VANA token Binance plans to list on Dec. 16 at 10:00 UTC, it seems crypto traders mistook the VANA token linked to the Nirvana project due to the Vana explorer token not being available on the market yet.

In the hours since Binance announced its plans to list VANA, the Nirvana token has formed a candlestick, wildly surging up to 2700% since its launch according to CoinMarketCap. At the time of writing, the token has gone up by more than 1200% after months of mostly stagnant activity on the charts.