Cryptocurrency exchange Binance announced that it will remove the “Monitoring Tag” and “Seed Tag” applications on some tokens as of July 9, 2025, as a result of its latest evaluations.
Binance Removes Tracking Tag for ZEC, Seed Tag for ENA, PYTH, TAO, and W
Token to Remove Tracking Tag:
- Zcash (ZEC)
Tokens to be Seed Tag Removed:
- Ethena (ENA)
- Pyth Network (PYTH)
- Bittensor (TAO)
- Wormhole (W)
Binance notes that tokens carrying a “Watch Tag” generally carry higher volatility and risk than other crypto assets.
These tokens are subject to regular review and may be at risk of being removed from the platform. The “Seed Tag” identifies new and innovative projects, but these projects may also present high risk and volatility.
The removal of labels indicates that the projects in question have better aligned with Binance’s listing criteria and their risk profile has decreased.
Binance stated that it regularly reviews its labeling decisions based on the following criteria:
- Commitment of the project team
- Level and quality of development activities
- Trading volume and liquidity
- Network security and resilience to attacks
- Public communication, community engagement and transparency
- Responses to regular due diligence requests
- Findings of unethical or fraudulent activities
- New regulatory requirements
- Sudden increases in token supply or tokenomics changes
- Significant changes in project ownership or core team
- Community reactions
With this update, the warning labels on ZEC, ENA, PYTH, TAO and W tokens will be removed, allowing investors to make clearer evaluations.
*This is not investment advice.