COW and CETUS Tokens Surge Over 70% Following Binance Listing News

In a remarkable market response to their upcoming Binance listing, both COW and CETUS tokens have experienced substantial price surges. 

COW Protocol (COW) has reached $0.4439, marking a dramatic 73.90% increase in 24 hours, with its trading volume hitting $8,842,446. 

Similarly, Cetus Protocol (CETUS) has shown even more impressive gains, reaching $0.3262 with an extraordinary 87.82% surge in the same period, accompanied by a substantial trading volume of $83,147,893. 

These dramatic price movements have significantly impacted both tokens’ market capitalizations, with COW Protocol now valued at $117,573,188 and Cetus Protocol at $104,193,759.

Binance Listing Details and Implementation

Binance has announced the listing of both tokens scheduled for November 6, 2024, at 12:00 UTC, introducing COW/USDT and CETUS/USDT trading pairs. 

The listing process includes a two-hour deposit window prior to trading commencement, with withdrawals set to open on November 7, 2024, at 12:00 UTC. 

Notably, the listing comes with zero listing fees (0 BNB) for both tokens. The smart contract addresses have been confirmed as 0xDE…F497aB for COW on Ethereum and 0x68…e54b for CETUS on the Sui network.

Also Read: Binance Lists PONKE Memecoin Perpetual Contracts, Token Price Surges 10%

Protocol Overview and Technical Implementation

COW Protocol distinguishes itself as a fully permissionless trading protocol, while Cetus Protocol operates as a MOVE-based liquidity protocol. 

Both platforms will be integrated into Binance’s ecosystem, including Trading Bots & Spot Copy Trading features, which will be enabled within 24 hours of the listing. 

This integration extends to users with running Spot Copy Trading portfolios, who can include these new pairs through the Personal Pair Preference section in their trading settings.

Also Read: KAIA Gets Major Binance Support With Multiple Trading Options, Price Up 11.49%

Risk Considerations and Market Outlook

Both tokens have been designated with the “seed tag,” indicating their status as innovative but potentially volatile investments. 

Binance has explicitly warned users about the higher-than-normal risks associated with these newer tokens, emphasizing the importance of thorough research (DYOR) and proper risk management. 

The seven-day performance metrics show sustained growth, with CETUS recording a 77.28% increase and COW achieving a 54.02% rise, suggesting strong market interest beyond the initial Binance listing announcement impact. 

However, investors are advised to exercise caution given the typical volatility associated with new token listings.