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Ethereum
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$4,506.08 -0.0822
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BNB
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$955.35 2.8336
BNB price
Solana
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$235.57 -0.00825
Solana price
XRP
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$3.02 -0.45355
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Shiba Inu
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$0.0000131 -0.46903
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Pepe
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$0.0000108 0.11166
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Bonk
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$0.0000236 1.60788
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dogwifhat
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$0.916144 2.23148
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$4,506.08 -0.0822
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$955.35 2.8336
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$235.57 -0.00825
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XRP
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$3.02 -0.45355
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Shiba Inu
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$0.0000131 -0.46903
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Pepe
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$0.0000108 0.11166
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Bonk
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$0.0000236 1.60788
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dogwifhat
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Ethereum
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$4,506.08 -0.0822
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BNB
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$955.35 2.8336
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Solana
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$235.57 -0.00825
Solana price
XRP
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$3.02 -0.45355
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000131 -0.46903
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000108 0.11166
Pepe price
Bonk
Bonk (BONK)
$0.0000236 1.60788
Bonk price
dogwifhat
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$0.916144 2.23148
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Popcat
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$0.269079 0.30827
Popcat price

Pyth Network token surges by 20% amid Binance listing

Dorian Batycka
Edited by
Markets
Pyth Network token surges by 20% amid Binance listing

The token of the Pyth Network project (PYTH) was among the growth leaders, gaining 20% in price.

According to data from CoinMarketCap, PYTH has risen 20.4% in the past 24 hours, reaching $0.49 when writing. At the same time, token trading volumes showed explosive growth, increasing by 158% to $204.2 million.

Pyth Network token surges by 20% amid Binance listing - 1
Source: CoinMarketCap

Year-to-date, PYTH has grown steadily, gaining over 43% in just one month. The latest sharp jump in the PYTH rate is happening amid the announcement of the Binance crypto exchange about its upcoming listing. According to the announcement, PYTH trading will begin on on Feb. 2. PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY pairs will be available on Binance.

At the end of November 2023, Pyth Network launched its token, which debuted with a total market value of $540 million. PYTH is the governance token of the Pyth Network. To vote on proposals to govern the project, holders must stake tokens in the network’s staking program. Due to the cross-chain airdrop on the first day of trading, the market capitalization at its peak was $765 million.

Pyth Network also presented a token airdrop involving 75,000 wallets. The project team distributed 600 million PYTH coins. The goal is to reward the community that has made significant contributions to the development of the project and attract new participants.