- Binance removed monitoring and seed tags from ZEC, PYTH, ENA, W, and TAO, signaling increased market maturity.
- The tag removal boosts investor confidence and may drive trading activity and liquidity for these tokens.
- ZEC, PYTH, ENA, and W prices surged modestly following Binance’s announcement.
- Binance applies these tags to protect users from regulatory risks, low liquidity, or project immaturity.
Binance Latest Move Sparks Investor Optimism
Binance Holdings Ltd., the world’s largest cryptocurrency exchange by user base and trading volume, has removed the monitoring and seed tags from several altcoins, signaling an evolving maturity in the crypto ecosystem.
On July 9, 2025, Binance announced the immediate removal of the monitoring tag from Zcash (ZEC) and the seed tags from Wormhole (W), Ethena (ENA), Pyth Network (PYTH), and Bittensor (TAO). This move suggests that these projects have met Binance’s stringent criteria regarding transparency, liquidity, public engagement, and regulatory compliance.
Why Did Binance Remove the Tags?
Binance applies monitoring tags to warn traders about tokens facing heightened risks, such as regulatory scrutiny. For example, Zcash (ZEC), a privacy coin, had been tagged in January 2024 due to regulatory concerns around privacy-focused cryptocurrencies, alongside Monero (XMR).
Seed tags, on the other hand, are applied to new or experimental projects with limited track records. Binance’s evaluation criteria include:
- Project team commitment
- Trading volume and liquidity
- Community engagement
- Regulatory compliance
Market Responds with Price Gains
Following the announcement, the affected tokens saw modest price increases. According to CoinGecko data:
- ZEC rose 4.2% to
$40, with a 32% increase in 24-hour trading volume ($113 million). Analysts expect a potential rally towards new highs during the 2025 altseason. - PYTH Network (PYTH) gained 4%, trading at ~$0.09865, while its trading volume reached ~$22 million.
- Ethena (ENA) climbed 3.6% to ~$0.26.
- Wormhole (W) added 2.1%, hovering around ~$0.06494.
This market reaction reflects renewed confidence among traders and investors in these projects’ long-term potential.
What This Means for Crypto Traders
The removal of these tags reduces cautionary warnings on Binance, likely increasing exposure for these tokens. Investors may view these assets as less risky, potentially attracting greater liquidity and broader adoption.
As Binance continues to adjust its listings in response to market dynamics and regulatory landscapes, traders should stay informed about future updates.
🔗 SEO & Link Strategy Recommendations:
- Internal Links:
- Link to your site’s ZEC price analysis or privacy coin market articles when mentioning Zcash.
- Link to articles covering Binance listings, trading strategies, or previous delistings.
- Example: See our latest ZEC price analysis.
- External Links:
- CoinGecko (for live price data)
- Binance’s official announcement blog post
- Zooko’s commentary on zk-SNARKs and privacy tech
Binance’s removal of these tags is a positive signal for the listed projects and the broader crypto market. It underscores the importance of continuous project development, regulatory alignment, and market engagement in earning investor trust.
As always, traders should conduct their own research and remain aware of ongoing market risks despite these positive developments.
