Binance Announces Listing of PYTH Token
In a recent announcement, Binance, one of the leading cryptocurrency exchanges, revealed its plans to list PYTH, the native token of the Pyth Network. Trading for the PYTH token will commence on February 2 at 12:00 UTC.
PYTH Price Surges in Response to Listing Announcement
Following Binance’s listing announcement, the price of the PYTH token experienced a significant surge. This surge is attracting attention from crypto enthusiasts and is likely influenced by the news of the token’s listing on Binance.
New Spot Trading Pairs Introduced
Binance plans to introduce new spot trading pairs for PYTH, including PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY. Users can now deposit PYTH and prepare for trading on the platform.
Withdrawals Open on February 3
Withdrawals for PYTH will be available starting from February 3 at 12:00 UTC. Binance has set the listing fee for PYTH at 0 BNB and has added a “seed tag” to caution traders about the token’s high volatility.
TVS Reaches New Heights
The Total Value Secured (TVS) of the Pyth Network ecosystem has reached $2.43 billion, according to blockchain insights provided by DeFiLlama. This signals significant adoption of the Pyth Network in the crypto industry and has sparked curiosity among market enthusiasts.
Price Surge for PYTH Token
The price of the PYTH token has surged by 20.65% in the past 24 hours and is currently trading at $0.4918. The token reached its monthly high of $0.5208 today, and the weekly and monthly charts show a 21.96% and 41.05% surge, respectively.
Hot Take: PYTH Token Gains Momentum with Binance Listing
The listing of the PYTH token on Binance has propelled its price to new heights, with a significant surge observed in response to the announcement. With the support of Binance and the growing adoption of the Pyth Network, the future looks promising for the PYTH token.
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