Binance Support For CETUS Triggers Drastic Increase In Sui Ecosystem

Binance's support for CETUS deserves a drastic increase in the Sui ecosystem (Photo; Doc. Marginatm)

JAKARTA - Recently, Binance announced that it would list CETUS tokens. CETUS is a digital asset of a decentralized exchange and liquidity protocol operating on the Sui blockchain. The token recently received a significant spike in value after Binance announced its support. Binance's move sparked great enthusiasm in the Sui community, considering Binance is one of the largest crypto exchanges in the world with a major influence on market movement.

As a strategic step to expand investment options on its platform, Binance officially announced that CETUS tokens will be available for spot trading against stablecoin Tether (USDT) starting Wednesday, November 6. In addition, Binance also opened futures contracts for CETUS, providing additional options for traders who want to take advantage of the volatility of this token market. This announcement was immediately welcomed by investors, so that within hours, the CETUS value experienced a significant spike.

According to data released by Binance, CETUS spot trading was followed by a recall feature on Thursday, allowing investors to dilute their profits after this busy listing moment. At the time of the announcement, the price of CETUS was recorded to have increased by up to 60% in one day, with the trade value at 0.3 US Dollars (Rp4.732). This development gives Sui's ecosystem a breath of fresh air, which has been known as one of the new blockchain networks with high potential in the market.

Although listing CETUS brings positive sentiment, Binance labels seeded' on this token, meaning the token has a high risk of volatility due to lower liquidity than established assets. To keep investors aware of the risks, Binance requires users holding seed-labeled tokens like CETUS to undergo risk awareness tests every 90 days. This step aims to ensure that investors understand the potential risks that could arise from unstable token price movements.

The "seeded" label on CETUS makes investors need to reconsider their strategy, especially for those who are not experienced in trading high-risk assets. In addition, Binance also continues to monitor CETUS' liquidity and trading volume, and will review whether this token can be moved from the seed category over time.

CETUS is not just a speculative asset; it also has an important role as part of the Sui ecosystem. Through Cetus, a platform in the Sui ecosystem that allows users to perform liquidity mining or liquidity mining, token holders can earn additional income. CETUS is designed as a safe and easy payment tool in the ecosystem, providing efficient transaction solutions among users.