Binance, the world's largest cryptocurrency exchange, has attracted investor attention by implementing significant label changes for five altcoins listed on its platform. In an official statement dated July 9, 2025, it was announced that significant status changes have been made for Zcash (
$ZEC ), Ethena (
$ENA ), Pyth Network (PYTH), Bittensor (
$TAO ), and Wormhole (W).
๐ง What is the Binance Label System?
Binance categorizes its listed tokens with various labels to provide its users with more informed investment opportunities. This system plays a significant role in identifying high-risk or early-stage projects. Two important labels stand out:
Monitoring Label:
Given to projects with high volatility and considered riskier for investors, this label signifies that the token is closely monitored by Binance and subject to regular audits.
Seed Label:
Applied to new and innovative projects in the early stages of development. This label informs investors that the project is immature and may pose additional risks.
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Tokens Removed from the Monitoring Label
According to Binance's new announcement, the following changes are taking effect:
๐ Token Removed from the Monitoring Label:
Zcash (ZEC):
ZEC is an old and established project known for its privacy-focused structure. The removal of the Monitoring label indicates that Zcash is now considered a more stable and reliable asset that meets Binance's risk criteria. This step means that the risk of ZEC being delisted is reduced.
๐ฑ Tokens Removed from the Seed Label:
Ethena (
#ENA )
Pyth Network (
#PYTH )
Bittensor (
#TAO )
Wormhole (W)
These four projects are now considered by Binance to have successfully completed the seed phase and reached a certain level of development. The removal of the label indicates that these projects have gained wider adoption and maturity.
๐ Binance's Evaluation Criteria
Binance periodically reviews all tokens on its platform based on the following criteria:
Activity and transparency of the project team
Quality and sustainability of technical developments
Trading volume and liquidity level
Community size and engagement rate
Security vulnerabilities and network security
Regulatory compliance
These audits aim to provide investors with a more secure and transparent trading environment.
๐ What Does It Mean for Investors?
These label updates can be considered a positive signal for users trading the relevant tokens. In particular:
Zcash investors can feel more comfortable trading due to the reduced risk of delisting.
For investors in ENA, PYTH, TAO, and W, they indicate that the projects have matured and now pose less risk.
Binance also stated that these changes will not affect other services for these tokens, such as staking, trading, launchpool, or launchpad.
๐ Conclusion: A Step for Trust and Transparency
This move further demonstrates Binance's commitment to investor safety. The platform not only lists projects but also tracks their development and continuously informs investors about their risk profiles.
๐
These label updates, implemented as of July 9th, could also be an opportunity for crypto investors to review their portfolios and reshape their strategies.
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