Binance Set to Propel EIGEN, PEPE, and SUI to New Heights?

• Binance is launching three new trading pairs – EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD for its spot and Trading Bot services today, October 11, 2024. 

• Within the same period, Binance would delist four crypto pairs – APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI.

Binance has announced that it is expanding its list of trading choices with the introduction of three new trading pairs – EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD. According to the announcement, these new additions would be offered on the Binance spot and Trading Bots services in a bid to enhance users’ trading experience.

Scheduled for October 11, 2024, at 08:00 (UTC), this launch would mark exactly nine days since Binance launched new spot trading pairs for NEIRO/BRL and NEIRO/EUR. 

More on the Binance Trading Bots Services and Eligibility

According to Binance, its Trading Bots execute trades on behalf of users based on predefined criteria and strategies. Since its introduction, traders have increasingly relied on it due to its ability to eliminate emotional decision-making and execute trade at any time of the day. It is important to note that the trading of the newly added pairs would be subjected to the eligibility of users based on their location or region of residence. 

Currently, users residing in the following countries or regions will not be able to trade the aforementioned spot trading pairs: Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.

The Price of Pepe, Neiro, and Sui Reacts

Following this development, we investigated the market reaction of the underlying assets and discovered that Pepe has responded with a daily surge of 2.7% to trade at $0.00000942. Currently, Pepe remains the 25th largest crypto with a market cap of $3.9 billion. At press time, its holding address had also increased to 286,606. 

Eigen was also up by 10% in the last 24 hours, and 14% in the last seven days to trade at $3.8. According to our data, Eigen’s 24-hour trading volume was also positioned around $237 million as whale interests soared.

Sui had also reacted strongly at press time with a daily surge of 5% to trade at $1.8. However, its its daily trading volume was down by 2.3% with $808 million changing hands. 

Meanwhile, Binance’s native token, BNB, is down by 0.44% in the last 24 hours with its daily trading volume currently around $1.63 billion.

On August 28, CNF reported that Binance is launching new spot trading pairs and trading bot services for “DOGS, Pepe Coin (PEPE), Solana (SOL), SATS (1000SATS), BONK, Ethereum (ETH), and SuperRare (RARE).” While it seeks to expand its range of assets, the exchange is also renewing its commitment to sensitizing its trading environment as it announced the delisting of four pairs – APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI today, October 11. According to the report, the tokens associated with these pairs would, however, be available for trading. 

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