On July 9, 2025, Binance, the world’s largest cryptocurrency exchange, announced the removal of the “Monitoring Tag” for Zcash (ZEC) and the “Seed Tag” for Ethena (ENA), Pyth Network (PYTH), Bittensor (TAO), and Wormhole (W). This decision came after thorough evaluations that indicated these five altcoins no longer required risk warnings. The label update is now effective immediately, with all existing Binance services related to these altcoins continuing as before.
Details of Binance’s Label Removal Decision
In Binance’s announcement, the removal of the “Monitoring Tag” from Zcash suggests that it is no longer subject to close monitoring for volatile price movements. Conversely, the “Seed Tag,” reserved for projects at developmental stages, has been removed from Ethena, Pyth Network, Bittensor, and Wormhole, signifying their progression beyond this category.
This modification proves that these five altcoins now fully meet Binance’s listing criteria. While the label removal does not imply zero risk of delisting or price volatility, it does reflect positive results from recent reviews. Binance keeps its label system updated to alert users about potential risks.
What Are Binance’s Evaluation Criteria?
Binance considers several factors in each review, such as the project team’s dedication, the quality of developmental activities, trading volume and liquidity, network security, transparent communication, response to regular audits, adherence to ethical standards, regulatory compliance, supply changes, ownership structure, revisions in the core team, and community feedback.
Officials aim to promote value-added growth for new altcoin projects and provide users with a healthy trading environment through this multi-layered approach. During ongoing evaluations, labels might be reapplied, or new ones may be added to other altcoins.
