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#Binance 💥Binance removes risk label from 3 memecoins
The world's largest cryptocurrency exchange removes the "seed tag" for PEPE, BONK, and PENGU, three of the largest memecoins by market capitalization. Removing the risk label implies moving those assets to a higher trust category.
After Binance's announcement, the news has not yet positively impacted the three memecoins.
On July 21, Binance removed the risk label (seed tag, in English) from three of the largest market capitalization memecoins, namely Pepe (PEPE), Bonk (BONK), and Pudgy Penguins (PENGU).

The “seed” label, applied by the exchange to early-stage projects with high volatility and risk, serves as a warning to users. Its removal indicates that these assets have met the platform's internal criteria, moving them from a high-risk category to one of greater trust. PEPE, originated on Ethereum, ranks third in market capitalization among all memecoins with nearly 6 billion dollars, only behind Dogecoin (DOGE) and Shiba Inu (SHIBA). This token, inspired by an internet meme, is currently trading at 0.000014 dollars, with a 13% increase in the last seven days, as seen in the following image: On the other hand, BONK and PENGU, both created on the Solana network, rank fourth and fifth, with capitalizations of 2.8 billion and 2.3 billion dollars, respectively. Their current prices are 0.000035 dollars for BONK and 0.03 dollars for PENGU, showing increases of 29% and 31% in the last week. While the removal of the risk label could positively influence investor perception and further boost the prices of these coins, that effect has yet to occur following Binance's announcement.