Binance Wallet’s Alleged BOOM TGE Lacks Confirmation

Binance Wallet, according to ChainCatcher, allegedly has a Token Generation Event (TGE) for BOOM scheduled on July 8, 2025. No official confirmation from Binance Wallet or primary sources supports these claims.

The significance lies in the lack of official confirmation, suggesting misinformation could affect market dynamics and investor trust.

Binance’s BOOM TGE: Allegations Lack Official Support

ChainCatcher initially reported the purported BOOM TGE on Binance Wallet for July 8, 2025. This alleged event was to involve specific user participation criteria using Binance Alpha points. Research reveals no official communication from Binance Wallet or primary sources about this TGE event, raising questions about the report’s veracity.

Actual activities on Binance for July 8, 2025, include updates to the Spot API, as noted in official documentation. These updates focus on infrastructure and are unrelated to token activities. With the BOOM event unconfirmed, potential investors and stakeholders remain unclear about any BOOM involvement or repercussions.

“Always refer to official Binance communications for accurate information.” — Richard Teng, CEO of Binance.

Market reactions are subdued, given the absence of official confirmation from key figures, such as Binance executives or known influencers in the crypto space. The lack of evidence about BOOM’s presence hinders potential speculative investments and generates caution among communities.

Absence of Verified BOOM Details Spurs Market Caution

Did you know? Binance Wallet’s previous confirmed TGE was for DAOBASE (BEE), setting a clear precedent, while BOOM remains unacknowledged in official channels.

The cryptocurrency Boomco displays notable statistics with a current price of $0.14, experiencing a -11.66% drop over 24 hours and a -39.35% decline over 90 days. Despite no official confirmation of a TGE event, Boomco’s fully diluted market cap is at $141.18 million. Data source: CoinMarketCap.

The Coincu research team predicts continued caution among investors unless verifiable information about BOOM emerges. Analysts note the risks associated with relying on reports lacking primary source backing, suggesting stakeholders focus on verified events and authentic Binance updates for informed decision-making.