Binance Removes Warning Tags From ZEC, W, ENA, PYTH, TAO

Tech

Binance Removes Warning Tags From ZEC, W, ENA, PYTH, TAO

• Crypto tokens listed on Binance with the monitoring tag typically exhibit higher volatility than other tokens.
• Crypto tokens with seed tags on Binance represent new and innovative projects with higher volatility.
• The tag removal will increase market confidence and trading activity of these tokens.

Binance Holdings Ltd., the largest cryptocurrency exchange in terms of globally registered users and daily average trading volume, has announced the removal of ‘monitoring tags’ and ‘seed tags’ on several of their listed crypto assets.

The cryptocurrency exchange announced on Wednesday, July 9, 2025, that the monitoring tag for Zcash (ZEC) and seed tags for Wormhole (W), Ethena (ENA), Pyth Network (PYTH), and Bittensor (TAO) have been removed immediately.

The removal of monitoring tag and seed tags for the aforementioned crypto assets is an indication of a maturing market. Moreover, the trading activities for the impacted crypto assets will increase over time due to enhanced market confidence and exposure to more traders.

Binance conducts thorough project research to ensure investors protection against fraudulent predatory practices. For instance, the monitoring tag on ZEC was issued to remind Binance users that the privacy-oriented altcoin has been facing regulatory scrutiny in several countries.

Notably, Binance added the monitoring tag on ZEC among other privacy-oriented altcoins such as Monero (XMR) in January 2024.

As for the seed tags, Binance uses several criteria to ensure fairness and transparency. For instance, the cryptocurrency exchange monitors the commitment of the team to a project, the tokens trading volume and liquidity, level of public engagement with the project, and regulatory compliance, among others.

Market Reacts with Price Jumps

Following the announcement from Binance, the crypto assets registered some mild gains. According to market data from CoinGecko, ZEC price recorded a 4.2% gain on Wednesday to trade about $40 during the early European session.

The mid-cap altcoin, with a fully diluted valuation of about $645 million, registered a 32% gain in its 24-hour average trading volume to hover around $113 million at the time of this writing. An improved market activity for ZEC will likely help the altcoin rally towards a new all-time high amid the anticipated 2025 altseason, especially after failing to retest its ATH during the 2021 crypto bull rally.

Pyth Network (PYTH) registered a 4% gain on Wednesday to trade about $0.09865 at the time of this writing. The mid-cap altcoin, with a fully diluted valuation of about $986 million, experienced a mild surge in its daily average trading volume to around $22 million following the announcement.

Meanwhile, ENA price gained 3.6% to trade about 26 cents, W price rallied 2.1% to hover around $0.06494 at the time of this writing.