VeChain Price Spikes after Binance’s surprise announcement, here’s why!

Home » News » VeChain Price Spikes after Binance’s surprise announcement, here’s why!
July 27, 2018 by
VeChain Price Spikes after Binance’s surprise announcement, here’s why!

VeChain observed an unexpected hike in the price within simply a few hours after the shock statement made by the among the largest cryptocurrency exchange Binance. The exchange revealed on their main Twitter take care of and also airdrop of 100 million VTHO symbols to all its individuals.

The airdrop will happen for all individuals who hold VETERINARIAN on the exchange by August 1st, and also the symbols will certainly be distributed on August 5th. Currently, $3 million is the total market price of 100 million VTHO symbols.

On 26th July, VeChain was trading at a cost of $1.99. The marketplace cap of Vechain was $1.11 billion during the first hrs of the day, after which the price leapt to $1.630 billion. In less than 4 hours, there was a rise of $500 million, according to records.

The VeChain finished its mainnet launch formally in June. VeChain majorly intends to develop a decentralized organisation ecological community with products that are fully tracked making use of a mix of hardware devices as well as blockchain accountancy. The VeChain Thor main net launch was extremely vital for the network.

On July 19, cryptocurrency exchange Binance introduced on their site about VEN/VET Mainnet Swap. Deposits as well as withdrawals of VEN were temporarily suspended from July 22. They notified, “Please ensure that you leave enough time for your VEN down payments to be fully refined prior to this time.”

Binance also stated that the trading will certainly be stopped momentarily in all VEN trading pairs on July 23. Trading was resumed once again for the new VET/BTC, VET/ETH, VET/BNB as well as VET/USDT trading pairs on July 25.

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