Binance Alpha 2.0 Launch Sees TUT Token Surge with Over $20 Million in Trading Volume within 24 Hours
Background: DA Labs Reveals Binance’s “Cold and Hot Wallet Transfers” as a Hidden Signal for Meme Coins
Additional Context: The Meme Coin Season’s Rise on BNB Chain – How to Use Chain.fm to Track the Next $Mubarak?
Binance announced today (18th) the launch of Alpha 2.0, expanding integration between centralized exchanges (CEX) and decentralized exchanges (DEX). Through Alpha 2.0, users can now directly purchase tokens previously only available in Binance Wallet’s Alpha zone within the Binance Exchange.
Related Reading: Binance Introduces New “Voting for Token Listing” Mechanism! Binance Wallet’s TGE Projects to Be Directly Included in the Alpha Observation Zone
What Changes Does Alpha 2.0 Bring?
Amid the meme coin boom, most users looking to capitalize on potential token surges have to use DEX platforms for on-chain transactions. The release of Alpha 2.0 is aimed at users who have been hindered by technical barriers like fund transfers and on-chain operations, offering a simpler and smoother trading experience.
Specifically, Alpha 2.0 brings three main advantages:
- Seamless On-Chain Token Purchases: Users can directly trade on-chain tokens within Binance Exchange without the need to withdraw assets to external wallets or create additional on-chain wallets.
- Increased Flexibility with Funds: Users can directly use funds from their Binance spot or funding accounts to trade Alpha tokens, eliminating the need for additional transfers and enhancing fund flexibility.
However, it should be noted that tokens listed on Alpha 2.0 are often high-risk assets, so users are advised to be cautious when participating.
Alpha 2.0 Launch Triggers a Surge in TUT Market Activity
On the other hand, the TUT token, which went viral after CZ’s retweet, surged by over 70% following its listing on Binance Alpha. According to CoinGecko data, TUT’s price initially ranged from $0.006 to $0.036, but after the Alpha 2.0 launch, its trading volume soared and its price skyrocketed to $0.036.
However, community analysis indicates that while TUT is a significant indicator, it lacks practical application, and its short-term price increase may be influenced by speculation. The risk of price fluctuations should still be monitored.
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