On July 9, 2025, Binance announced changes to labels for several altcoins, including Zcash and Ethena.
Reasons for Binance's Label Changes
Binance's decision to remove specific labels suggests that Zcash and other mentioned projects have stabilized to some degree. The 'Monitoring Tag' for Zcash indicated a need for vigilance regarding unpredictable price shifts, while the 'Seed Tag' pointed to early-stage projects. The removals indicate positive development progress.
Criteria Evaluation Process
Binance’s evaluation process is extensive, examining various aspects such as team dedication, project development quality, trading volume, liquidity, and more. By keeping a sharp focus on these criteria, Binance aims to promote secure and beneficial trading environments for its users.
Key Insights from the Update
Key insights from the announcement include:
– Zcash is no longer closely monitored for price volatility.
– Ethena, Pyth Network, Bittensor, and Wormhole have evolved beyond initial project stages.
– Binance’s dynamic label adjustments reflect ongoing asset evaluations.
The changes in altcoin labels at Binance highlight their commitment to maintaining a safe trading environment and user trust. This also indicates that these assets align with the platform's expectations and standards, confirming successful progress.
