Binance Audit and Seed Tag Updates Explained

• Binance Adds STMX and TROY to Monitoring Proposal, Indicates Higher Volatility Risks.
• CVX and SUN show better stability as they leave the Binance Research Tag list.
• ARKM, BLUR, JTO, and TIA transition from Seed Tag, indicating project maturity.

Binance has announced changes to its search and seed tags, effective January 2, 2025. These updates are aimed at maintaining a secure and transparent trading environment on the platform.

The changes include the addition of StormX (STMX) and TROY (TROY) to the Research Tag list, while Convex Finance (CVX) and Sun (SUN) will be removed. Additionally, the seed tag will be removed from Arkham (ARKM), Blur (BLUR), Jito (JTO), and Celestia (TIA). These decisions are based on Binance's periodic project reviews and are aimed at conforming to its listing criteria.

Understanding the Binance Tag system

Signals with an audit tag are considered high risk due to increased volatility and uncertainty in the market. They conduct regular evaluations to ensure they meet Binance's standards. Failure to meet these standards may result in delisting.

Also read: Crypto Price Watch: TON, NOT, XRP, BLUR, DOGS show mixed signals

Meanwhile, the Seed Tag identifies projects at an early stage. Users must provide a questionnaire every 90 days to trade these tokens. This questionnaire helps ensure that users are aware of the risks associated with such projects.

Here's a breakdown of the signs with updated tags:

• StormX (STMX) and TROY (TROY): These indicators will now have the Monitor Tag due to higher volatility. The current price of StormX is $0.005566, showing a recent decline of 4.56%. Support levels at $0.0053 and $0.0055 could stabilize further declines, while resistance at $0.0063 and $0.0066 could confirm an upward move.
• TROY changed so far -78.17% compared to yesterday. Strong support at $0.0050 and resistance at $0.0085 can guide its path.
• Convex (CVX) and Sun (SUN) Finance: The removal of Convex Finance from the Audit Tag list indicates improved stability. It is currently trading at $5.40, with major support at $5.20 and resistance at $6.00. Sun (SUN) has seen a 16.14% rise in seven days and is now trading at $0.02566. Support levels at $0.02500 and resistance at $0.02700 could influence its next moves.
• Arkham (ARKM), Blur (BLUR), Jito (JTO), and Celestia (TIA): Removing the seed tag for these tokens indicates that they are moving from early stage projects. Arkham's price is $1.60, representing a decline of 31.40%, with critical support at $1.50. Blur, priced at $0.2583, is facing bearish pressure but could stabilize near $0.2500. Jito, trading at $3.25, needs to hold $3.20 to avoid further declines. Celestia's price of $5.15 indicates a supportive move, with $5.50 as the next target.