Recent changes from Binance have led to significant price increases for PEPE, BONK, and PENGU tokens. These changes are related to the removal of the Seed Tag, indicating confidence in these projects.
Binance Seed Tag Removal
Binance has announced the removal of the Seed Tag for PEPE, BONK, and PENGU as of July 21, 2025. The Seed Tag is a label for new, innovative projects that may exhibit high volatility. Its removal signals that Binance considers these projects sufficiently mature and trusts their future.
Price Reactions of PEPE, BONK, and PENGU
Following the removal of the Seed Tag, PEPE, BONK, and PENGU tokens exhibited impressive growth. PEPE's price increased by 1.49% to $0.00001405, making it the 26th largest cryptocurrency with a market cap of $5.9 billion. PEPE's trading volume surged by 79% to $1.82 billion. BONK rose by over 3% to $0.00003492, while PENGU rallied by 20% to $0.04 before retracting.
Overall Altcoin Rally
As PEPE, BONK and PENGU show gains, the overall altcoin market is also experiencing a rally. Ethereum, leading the charge, increased by 25.3% weekly, while other cryptocurrencies such as Dogecoin, Cardano, and Solana demonstrated notable performances. Analysts predict that additional growth in Ethereum could lead to broader market increases.
The removal of the Seed Tag for PEPE, BONK, and PENGU underscores Binance's trust in these projects and highlights their stable growth in the market. The price dynamics of these tokens are supported by an overall rally in altcoins, creating a positive outlook for crypto investing.
