Ronin Network Token RON to be listed on Binance and a sudden Price Drop after the announcement

Binance Will List Ronin (RONIN) with Seed Tag Applied

Binance has announced that they will list Ronin ($RON) and open trading for these spot trading pairs at 2024-02-05 13:30 (UTC).

You can check The official announcement via the Binance official website.

Price Dropped After My List News

The Ronin coin took a hit in its price following the listing news, experiencing a sudden 20 percent decline. It’s not the typical scenario where altcoins listed on Binance see a significant increase. The unexpected drop hints at potential manipulation within the altcoin.

RONIN, being a relatively new token, comes with a higher risk factor. Seed Tag, representing an innovative project, may showcase increased volatility and risk compared to other listed tokens.

For those looking to trade seed tagged tokens, passing relevant exams and accepting the Terms of Use on Binance Spot and/or Binance Margin platforms every 90 days is a prerequisite.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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