PEPE, PENGU, BONK Shed Binance’s ’Seed Tag’ – Meme Coins Grow Up or Just Dressing for the Bull Run?
Binance quietly removes the training wheels from three meme tokens—now watch the circus begin.
From playground to big leagues
No more 'high-risk' disclaimers for PEPE, PENGU, and BONK as Binance upgrades their trading status. The exchange’s seed tag—a scarlet letter for volatile assets—got snipped without fanfare. Cue the speculative frenzy.
Liquidity or lipstick?
The move signals (or manufactures) legitimacy for tokens still trading on frog and penguin-themed hype. Traders get looser leverage, while Binance collects fees from both the believers and the bagholders. How convenient.
The real graduation test?
Surviving the next 50% BTC dip without crumbling like a meme-coin Jenga tower. Bonus points if they outlast this cycle’s flavor-of-the-week DeFi narrative.
Binance removes caution tag on five tokens after reviews
According to Binance, its decision came against the backdrop of a routine project review based on team commitment, development activity, trading volume, liquidity, network security, and transparency. Regulatory compliance, ethical standards, and community engagement were also considered.
“Projects must maintain a high standard of performance, security, and transparency,” Binance stated in the announcement. “We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.”
The update caused mixed reactions on social media platforms, with some asking why other tokens were not taken down from the crypto exchange’s “red alert” list.
“These coins are volatile enough without the extra hype, hope traders don’t get burned chasing this,” warned one crypto trader on X.
Pudgy Penguins price soars after tag removal
One of the biggest gainers from the announcement was Pudgy Penguins (PENGU), which posted a 25.41% surge in price, climbing to $0.03909 from $0.03127 in 7 hours. That puts it just 31% shy of its all-time high of $0.05738.
The token linked to the second-highest ranking NFT projects by market capitalization has gained more than 34% in the last seven days, and rallied an impressive 315% since June 21.
On the daily chart, PENGU’s price has almost formed an ascending triangle pattern, bouncing from a low NEAR $0.03032 to as high as $0.03932. The current price hovers around $0.03898, with traders eyeing the $0.040000 resistance level as the next breakout point.
Bonk (BONK) has also recorded a 3.32% increase in the last 24 hours, buoyed by the Binance tag removal news.
On the other front, the PEPE memecoin is consolidating at $0.00001419 after Binance’s update, up approximately 2.5% from its intraday highs. Technical analysts spotted the token’s falling wedge pattern on the one-day timeframe chart, an objectively bullish reversal signal.
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