Crypto News

Binance Announces Listing Of $RON Token With Seed Tag Applied

Binance has officially declared the listing of $RON token, with preparations underway since the token collection on January 26th.

As of now, the Binance hot wallet 0xb32…bAFA3 contains 432,000 RON, valuing at $1.21 million.

$RON has experienced notable gains, with a surge of 12% in the past 7 days, 58% in the past 30 days, and an impressive 385% in the past 90 days, although it saw an 8% decline in the last 24 hours.

How $RON Token Is Reacting To The Token Movement

On-chain activity uncovered a significant event where someone sold a $1.04 million $RON position on OKX perp immediately following the Binance announcement, all in one trade. This sudden move caused the $RON perp price on OKX to plummet by 30% within a mere second.

Presently, $RON is trading at $2.910, showing a slight recovery from its low of $2.749, yet still 10% lower than its pre-listing price. However, the 24-hour trading volume of $RON has witnessed an impressive 391% increase.

The dynamics surrounding the $RON token’s listing on Binance underscore its volatility and the immediate impact of significant trading activities in the cryptocurrency market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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