Binance Updates Monitoring and Seed Tags for ARKM, JTO, and Other Crypto Assets
Highlights:
- Binance announces updates for ARKM, JTO, and six additional crypto tokens.
- The exchange modifies Monitoring and Seed tags, impacting asset visibility and investor sentiment.
- Prices of several listed tokens surge amid broader market recovery.
Binance, a leading cryptocurrency exchange, has issued an important update concerning Arkham (ARKM), Jito (JTO), StormX (STMX), TROY, BLUR, Convex Finance (CVX), Celestia (TIA), and SUN. The exchange announced changes to the Monitoring and Seed tags for these assets, sparking widespread market discussions about potential impacts on price trends, particularly as the crypto market shows bullish signs in Q1 2025.
Key Changes to Asset Tags
In its January 2 announcement, Binance detailed updates for eight crypto assets:
- The Monitoring tag will now include STMX and TROY but be removed for CVX and SUN.
- The Seed tag will no longer apply to ARKM, BLUR, JTO, and TIA tokens starting immediately.
The updated tags are closely watched by investors, as they influence the assets’ visibility and perceived risk. Binance clarified that tokens under the Monitoring tag may exhibit higher volatility and risks, with the potential to face delisting if they no longer meet listing criteria.
The updates have amplified market attention toward these tokens, as their presence on one of the world’s largest exchanges remains a critical factor for their future performance.
Performance of Updated Tokens
Following Binance’s announcement, several tokens showed strong price action:
- ARKM: Up 15% to $1.60, with a 24-hour range of $1.38–$1.62.
- JTO: Increased by 4% to $3.25, trading between $3.11 and $3.26.
- TROY: Surged 31% to $0.007964, hitting a high of $0.008133.
- BLUR: Gained over 9%, reaching $0.2576.
- CVX: Recorded a 24% rise, trading at $5.43, with a high of $5.58.
- SUN and TIA: Increased 8%-12%, with SUN at $0.02597 and TIA at $5.10.
Notably, STMX was the only token to decline, falling 4% to $0.005564.
Broader Implications and Market Sentiment
Binance’s influence on asset performance is well-documented, as seen in previous instances such as its removal of DYDX token support on ERC20, which triggered price concerns. Conversely, expanded support for PHA and DF tokens spurred bullish sentiment.
The latest announcement continues to demonstrate Binance’s significant impact on token visibility and market sentiment. Investors and traders are closely monitoring the affected assets, particularly as the crypto market trends toward recovery in early 2025.
