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Leading cryptocurrency exchange Binance has announced the listing of Sei (SEI) and CyberConnect (CYBER) on August 1st. Trading for both tokens began at 15:00 today. Following the listing, the price of SEI opened at $0.0646 and reached as high as $0.48. The price of CYBER opened at $1.44 and peaked at $17.79. Here are the details of the listing.
Binance Lists Sei (SEI) and CyberConnect (CYBER)
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, recently listed Sei and CyberConnect as part of its Binance Launchpool projects. Trading for both altcoins started at 15:00 today. After the listing, SEI opened at $0.0646 and quickly retraced to $0.1913 at the time of writing.
On the other hand, CYBER opened at $1.44 and surged to $17.79. The price of the altcoin has retraced more than 50% from its peak and is currently trading at $7,377.
Investors Should Exercise Caution in SEI and CYBER Trading
Cryptocurrencies, especially altcoins, are inherently volatile. After major listings like these, altcoins tend to exhibit even higher levels of volatility.
Market observers warn that both SEI and CYBER are likely to experience significant volatility following the listing. They advise investors who are looking to buy to be cautious and wait for prices to stabilize before making any purchases.
