Binance is updating the status of several crypto assets by assigning monitoring tags to tokens such as Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE). These tags indicate increased volatility, warning users of potential risks associated with trading these assets. Assets with a monitoring tag may exhibit significant price fluctuations, requiring heightened attention from traders.

At the same time, the exchange will remove the “seed” tags from Pendle (PENDLE) and Sei (SEI), which were previously marked as innovative projects with high volatility. The removal of these tags may suggest a reduction in risks or greater maturity of the projects.

Why Are Monitoring Tags Important?

Monitoring tags help users navigate the market by alerting them to potential sharp price movements, which is crucial for effective risk management. Coins with these tags may offer significant profit opportunities but also come with high risks, making them more suitable for experienced traders.

Why Are Seed Tags Being Removed?

The removal of seed tags from assets like Pendle and Sei may indicate that these projects have reached a stable level of development and no longer require increased attention, or that their volatility has decreased.