{"id":22022,"date":"2024-11-20T12:11:43","date_gmt":"2024-11-20T12:11:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=22022"},"modified":"2024-11-20T12:11:43","modified_gmt":"2024-11-20T12:11:43","slug":"important-binance-update-for-peanut-the-squirrel-pnut-traders-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=22022","title":{"rendered":"Important Binance Update for Peanut the Squirrel (PNUT) Traders: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance added new trading pairs, including PNUT\/BRL and PNUT\/EUR. PNUT\u2019s price has surged 1,400% in two weeks, fueled by the company\u2019s initial support and Elon Musk\u2019s endorsements.<\/span>
\nBinance will also remove multiple trading pairs, including DAR\/BTC and RARE\/BRL. The move coincides with substantial price drops for affected tokens.<\/p>\n

<\/a><\/h2>\n

Additional Support for PNUT<\/span><\/h2>\n

The world\u2019s biggest crypto exchange <\/span>added<\/span><\/a> seven new pairs to Binance Spot to \u201cenhance user\u2019s trading experience.\u201d Those include PNUT\/BRL, PNUT\/EUR, ACT\/BRL, ACT\/EUR, CATI\/USDC, ETH\/EURI, and LUMIA\/TRY. Users will enjoy zero maker fees for ETH\/EURI \u201cuntil further notice.\u201d<\/span><\/p>\n

Additionally, Binance enabled trading bot services for ADA\/USDC, DOGE\/USDC, SUI\/USDC, and XRP\/USDC, plus the pairs mentioned above.\u00a0<\/span><\/p>\n

The firm warned that the new options will not be available to all clients. Those residing in Canada, the USA, Iran, the<\/span> Netherlands, Syria, and other countries will <\/span>be excluded<\/span>.<\/span><\/p>\n

Binance\u2019s latest effort marks its further support for one of the most trending meme coins of late: Peanut the Squirrel (PNUT). <\/span>The token\u2019s price is up a staggering 1,400% on a two-week scale due to <\/span>a combination of<\/span> several factors<\/span>. One of those <\/span>includes<\/span><\/a> Binance\u2019s decision to list PNUT with a seed tag.<\/span>\u00a0<\/span><\/p>\n

The other elements are the overall meme coin frenzy and <\/span>the backing from Elon Musk<\/span>.<\/span> One of the wealthiest people on the planet <\/span>mentioned<\/span><\/a> PNUT (directly and indirectly) multiple times on X, triggering a price spike for the asset.\u00a0<\/span><\/p>\n

No More Support for These Pairs<\/span><\/h2>\n

Apart from expanding the list of choices on its platform, Binance regularly delists some existing ones due to poor liquidity or other reasons.\u00a0<\/span><\/p>\n

It will <\/span>remove<\/span><\/a> the spot trading pairs DAR\/BTC, IRIS\/BTC, RARE\/BRL, THETA\/ETH, and UTK\/BTC on November 22 and <\/span>terminate<\/span><\/a> access to the margin trading pairs C98\/BTC, FIS\/BTC, IDEX\/BTC, MBOX\/BTC, REN\/BTC, TKO\/BTC on November 27.<\/span><\/p>\n

Ceased support from a <\/span>major<\/span> cryptocurrency exchange like Binance often <\/span>has a negative effect on<\/span> the prices of the involved digital assets. <\/span>After all, the move reduces accessibility and could lead to reputational damage.<\/span>\u00a0<\/span><\/p>\n

The<\/span> majority of the affected tokens are in the red <\/span>following the disclosure<\/span>, with SuperRare (RARE) suffering the most.<\/span> Its valuation has plunged by 8% daily, currently trading at around $0.11.<\/span><\/p>\n

The post Important Binance Update for Peanut the Squirrel (PNUT) Traders: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance added new trading pairs, including PNUT\/BRL and PNUT\/EUR. PNUT\u2019s price has surged 1,400% in two weeks, fueled by the company\u2019s initial support and Elon Musk\u2019s endorsements. Binance will also remove multiple trading pairs, including DAR\/BTC and RARE\/BRL. The move coincides with substantial price drops for affected tokens. Additional Support for PNUT The world\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":22023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22022"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22022"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22023"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}