Binance Token Tags Updated: New Risk Labels for Traders

• Binance adds STMX and TROY to Monitoring Tag, signaling heightened volatility risks.
• CVX and SUN show improved stability as they exit Binance’s Monitoring Tag list.
• ARKM, BLUR, JTO, and TIA transition from Seed Tag, reflecting project maturity.

Binance has announced adjustments to its Monitoring and Seed Tags, effective January 2, 2025. These updates aim to maintain a secure and transparent trading environment on the platform.

The changes include adding StormX (STMX) and TROY (TROY) to the Monitoring Tag list, while Convex Finance (CVX) and Sun (SUN) will be removed. Additionally, the Seed Tag will be removed from Arkham (ARKM), Blur (BLUR), Jito (JTO), and Celestia (TIA). These decisions are based on Binance’s periodic project reviews and aim to align with its listing criteria.

Understanding Binance’s Tag System

Tokens with a Monitoring Tag are considered high-risk due to increased volatility and market uncertainties. They undergo regular evaluations to ensure they meet Binance’s standards. Failure to meet these standards could result in delisting.

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Meanwhile, the Seed Tag identifies projects in their early stages. Users must pass a quiz every 90 days to trade these tokens. This quiz helps ensure user awareness of the risks associated with such projects.

Tokens with Updated Tags

Here’s a breakdown of the tokens with updated tags:

• StormX (STMX) and TROY (TROY): These tokens will now carry the Monitoring Tag due to heightened volatility. StormX’s current price is $0.005566, reflecting a recent 4.56% dip. Support levels at $0.0053 and $0.0055 could stabilize further declines, while resistance at $0.0063 and $0.0066 could determine upward momentum. 
  
• TROY has seen a 78.17% increase over the past month and is currently trading at $0.007962. Strong support at $0.0050 and resistance at $0.0085 may guide its trajectory.
  
• Convex Finance (CVX) and Sun (SUN): Convex Finance’s removal from the Monitoring Tag list signals improved stability. It is currently trading at $5.40, with key support at $5.20 and resistance at $6.00. Sun (SUN) has experienced a 16.14% rise in seven days and now trades at $0.02566. Support levels at $0.02500 and resistance at $0.02700 may influence its next moves.
  
• Arkham (ARKM), Blur (BLUR), Jito (JTO), and Celestia (TIA): The removal of the Seed Tag for these tokens indicates their transition from early-stage projects. Arkham’s price is $1.60, marking a 31.40% decline, with critical support at $1.50. Blur, priced at $0.2583, faces bearish pressure but could stabilize near $0.2500. Jito, trading at $3.25, needs to hold $3.20 to avoid further declines. Celestia’s price of $5.15 indicates bullish momentum, with $5.50 as the next target.