{"id":48059,"date":"2025-09-17T15:01:45","date_gmt":"2025-09-17T15:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48059"},"modified":"2025-09-17T15:01:45","modified_gmt":"2025-09-17T15:01:45","slug":"the-binance-effect-altcoin-skyrockets-500-after-exchange-support","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48059","title":{"rendered":"The Binance Effect: Altcoin Skyrockets 500% After Exchange Support"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">The launch of new perpetual contracts on Binance\u2019s platform resulted in major green candles for two cryptocurrencies.<\/span><\/li>\n<li>At the same time, the company delisted another perpetual contract, but the involved token surprisingly pumped after the announcement.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-412880\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Binance_CB-2-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>What a Pump<\/h2>\n<p><span data-preserver-spaces=\"true\">The world\u2019s biggest crypto exchange expanded the list of trading choices on Binance Futures by <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/6c77032dc54146ce83b8b1ab034dfd85\" data-wpel-link=\"external\" target=\"_blank\">introducing<\/a> the STBL\/USDT perpetual contract with up to 50x leverage. This type of product has no expiration date and allows traders to bet on price changes without actually holding the cryptocurrency.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">STBL, the token involved in the offering, reacted more than positively to the news, with its price skyrocketing by almost 500% and briefly surpassing $0.20.<\/span><\/p>\n<figure id=\"attachment_412879\" aria-describedby=\"caption-attachment-412879\" style=\"width: 544px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/STBL-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-412879\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/STBL-Price.png\" alt=\"STBL Price\" width=\"544\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/STBL-Price.png 846w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/STBL-Price-300x221.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/STBL-Price-768x565.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/STBL-Price-50x37.png 50w\" sizes=\"auto, (max-width: 544px) 100vw, 544px\"><\/a><figcaption id=\"caption-attachment-412879\" class=\"wp-caption-text\">STBL Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency <\/span><span data-preserver-spaces=\"true\">saw the light of day<\/span><span data-preserver-spaces=\"true\"> earlier this week and serves as the governance and utility token of a new stablecoin protocol, which combines yield, transparency, and real-world asset (RWA) backing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite its price pump, STBL is still far away from the leading digital assets, with its market cap standing just north of $100 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Toshi (TOSHI), a meme coin with a much higher market ranking, has also seen a notable price surge for the same reason. It soared by 60% to its highest level since February this year after Binance launched the perpetual contract TOSHI\/USDT with up to 75x leverage.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Such price reactions are not surprising because backing from the exchange leads to a sharp increase in visibility, accessibility, liquidity, and provides a reputational boost.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Other Binance Updates<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Conversely, when the company withdraws its support, it usually causes a price pullback for the involved cryptocurrencies. However, this wasn\u2019t the case with Stella (ALPHA), whose valuation spiked by 23% over the last 24 hours.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The increase happened despite the announcement that Binance will <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/10fd115c29244067bd4566a70f77e327\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">delist<\/span><\/a><span data-preserver-spaces=\"true\"> the ALPHA\/USDT perpetual contract <\/span><span data-preserver-spaces=\"true\">on September 23<\/span><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cUsers are advised to close any open positions <\/span><span data-preserver-spaces=\"true\">prior to<\/span><span data-preserver-spaces=\"true\"> the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the <\/span><span data-preserver-spaces=\"true\">aforementioned contract<\/span><span data-preserver-spaces=\"true\"> starting <\/span><span data-preserver-spaces=\"true\">from 2025-09-23 08:30<\/span><span data-preserver-spaces=\"true\"> (UTC),\u201d the disclosure reads.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Additionally, Binance <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/fb348cd146834cc8ab3ccc8ecbc3bdf4\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> it will remove and cease trading on the spot trading pairs NXPC\/BNB and HUMA\/BNB on September 19. The assets witnessed little to no price volatility after the announcement.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/the-binance-effect-altcoin-skyrockets-500-after-exchange-support\/\">The Binance Effect: Altcoin Skyrockets 500% After Exchange Support<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The launch of new perpetual contracts on Binance\u2019s platform resulted in major green candles for two cryptocurrencies. At the same time, the company delisted another perpetual contract, but the involved token surprisingly pumped after the announcement. What a Pump The world\u2019s biggest crypto exchange expanded the list of trading choices on Binance Futures by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48059","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48059"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48059\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}