CETUS Surges 22% Following Binance Listing and $1M Competition

Cetus Protocol (CETUS) has experienced significant growth and heightened trading activity, with its price reaching $0.24010 USD, marking a 4.49% increase in the past 24 hours and a 22% rise since the previous day. The token's trading volume surged to $327.11 million, reflecting a 1410% increase and a volume-to-market cap ratio of 250.13%, indicating exceptionally high market engagement.

Recent developments driving this momentum include the listing of CETUS/USDT on Binance, the launch of the BinanceAlpha Trading Competition with 1,000,000 CETUS in incentives, and the introduction of concentrated-liquidity pools (CL-Pools) on Aptos and Sui, which saw total value locked surpass $280 million within a week. Integration with LayerZero enabled cross-chain swaps, and a partnership with Dragonfly Capital improved order-book liquidity and reduced spreads. Technical indicators show moderate bullish momentum, supported by a neutral market sentiment and a "Greed" reading on the Fear & Greed Index, suggesting strong investor interest and potential for continued volatility. Recent price increases are closely linked to these positive ecosystem developments, increased exchange support, and heightened trading incentives.