Binance Announces SKATE Token Listing: Price Surges 33% Ahead of Launch
Binance has officially announced the listing of SKATE, a new altcoin designed to power a multi-VM blockchain infrastructure. The token is set to debut on Binance Alpha, the platform's launchpad for early-stage tokens with strong growth potential, on June 9 at 10:00 UTC. By 10:30 UTC, SKATE will also be available on Binance Futures, providing traders with high-risk, high-reward speculation opportunities. Notably, the token's price has already surged by 33% ahead of its official launch, reflecting significant market interest. SKATE serves as both a governance and utility token for its ecosystem, further enhancing its appeal to investors and traders alike. This listing underscores Binance's continued commitment to supporting innovative blockchain projects and providing its users with access to cutting-edge digital assets.
Binance Lists SKATE Token: Price Soars 33% Before Launch
Binance has officially announced the listing of SKATE, a new altcoin powering a multi-VM blockchain infrastructure. The token will debut on Binance Alpha, the platform's launchpad for early-stage tokens with strong growth potential, on June 9 at 10:00 UTC. By 10:30 UTC, SKATE will be available on Binance Futures, offering traders high-risk, high-reward speculation opportunities.
SKATE serves as the governance and utility token for a blockchain aiming to unify decentralized apps (dApps) across various environments, including ethereum VM and Solana VM. With a total supply of 1 billion tokens, 10% are reserved for an airdrop to early supporters. A 24-hour airdrop event is expected to kick off alongside the listing.
Pre-market trading for SKATE has already seen a 33% surge in price, reflecting significant demand and excitement. Earlier pre-market activity pushed the token to peak levels, underscoring bullish sentiment ahead of its official launch.
Binance Joins as Diamond Partner for Ukraine's Premier Crypto Event
Binance has cemented its industry leadership by becoming the Diamond Partner of Incrypted Conference 2025, Ukraine's largest cryptocurrency gathering. The June 14 event at Kyiv's Parkovy Convention Center will draw 3,000+ participants and feature 30+ global speakers.
The exchange's involvement signals growing institutional engagement with Eastern European crypto markets. Binance brings its 270 million-strong user base and market infrastructure expertise to an agenda combining keynote speeches, Web3 innovation showcases, and investor networking.
Richard Teng, Binance's CEO, will headline the pre-event Online Marathon on June 9 during Ukrainian Blockchain Week. The conference unites 50+ Web3 partners under Ukraine's emerging status as a regional crypto hub.
Race to $1 Heats Up: Pi Network, Cardano, and Unilabs Finance Vie for Dominance
The altcoin market is poised for a bullish surge, with Pi Network, Cardano, and Unilabs Finance emerging as contenders in a high-stakes race to breach the $1 threshold. Cardano, despite short-term struggles, maintains a bullish long-term outlook. Unilabs Finance, an emerging asset, gains traction following its mainnet launch, while Pi Network faces skepticism amid KYC controversies and community discontent.
Pi Network's trajectory remains uncertain. After an initial rally to $2.9, the token now trades at $0.64, weighed down by selling pressure and systemic issues. Community backlash over Binance listing polls and KYC hurdles has cast doubt on its scalability and trustworthiness. Critics question whether PI Coin can reclaim its $1 milestone or fade into obscurity.
Market analysts are divided. While some foresee potential in these altcoins, others caution against inflated expectations. The coming months will test their resilience and investor appeal as the crypto sector braces for volatility and opportunity.
Binance Coin Shows Signs of Recovery Amid Market Volatility
Binance Coin (BNB) has edged higher in Friday trading, climbing nearly 2% to $643 after Thursday's 4.42% drop. The token now trades above both the 100-day EMA ($633) and 50-day EMA ($642), signaling potential bullish momentum.
Technical indicators show mixed signals. While the RSI briefly dipped below neutral territory, its recent uptick suggests recovering buying pressure. The aligned 50-, 100-, and 200-day EMAs maintain the broader bullish structure, though resistance NEAR $700 continues to cap upside.
Market participants watch for a sustained break above the 50-day EMA, which could pave the way for a retest of the $700 psychological level. The recovery remains fragile as BNB contends with broader crypto market weakness following recent selloffs.
