The Binance Effect: Altcoin Skyrockets 500% After Exchange Support

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TL;DR

  • Binance launched new perpetual contracts, and two cryptos went wild.
  • But wait-Binance delisted one, and the token still did a surprise moonwalk.

What a Pump

The world’s biggest crypto exchange, Binance, just pulled another rabbit out of its hat. This time, it expanded its Futures platform by introducing the STBL/USDT perpetual contract, and the crypto community is having a collective meltdown-because, apparently, that’s what happens when you throw around 50x leverage and perpetual contracts. This contract doesn’t expire, which is like giving your toddler a lollipop that never melts. But here’s the twist: instead of just sitting there quietly, the STBL token went on a 500% price hike like it was chasing a Black Friday deal. The token reached a high of $0.20, and people started asking if they missed the memo about “the next big thing.”

STBL, which only saw daylight this week, is the governance and utility token of a new stablecoin protocol that promises yield, transparency, and some fancy real-world asset (RWA) backing. But even with its newfound fame, STBL still lags behind the big boys in crypto land, with a market cap just barely squeezing past $100 million.

Meanwhile, in the meme coin world, Toshi (TOSHI), which is already somewhat of a “high-ranking” celebrity, took a 60% leap to its highest point since February after Binance launched the TOSHI/USDT perpetual contract with a mind-blowing 75x leverage. It’s like when the cool kid gets a VIP pass to the party, and suddenly, everyone wants to hang out with them. Visibility, liquidity, and reputation? Check, check, and check. Binance knows how to throw a party.

Other Binance Updates

But let’s be real-when Binance decides to withdraw its support, it’s like a parent saying, “You’re grounded for the rest of the week.” It usually results in a price plummet. However, in the case of Stella (ALPHA), its valuation defied all odds and spiked by 23% in the last 24 hours. Wait, what? Didn’t Binance announce that they’re delisting the ALPHA/USDT perpetual contract on September 23rd? You’d think this would be a disaster, but no. ALPHA just said, “I’m too cool for that.”

“Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract starting from 2025-09-23 08:30 (UTC),” the official statement says. Good luck with that, folks.

And while we’re at it, Binance also announced it will be removing and ceasing trading for the NXPC/BNB and HUMA/BNB spot trading pairs on September 19. The price of these assets? Barely a flutter. It’s like nobody even noticed, like when your favorite band breaks up, but no one remembers who they were.

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2025-09-17 18:17