On October 15, Binance announced new trading pairs and bot services for Sui (SUI) and Turbo (TURBO), sparking mixed reactions.
On Tuesday, Binance, a globally recognized cryptocurrency exchange, revealed enhancements to its trade offerings for the Sui and Turbo trading tokens. The exchange made a significant announcement, revealing that it will introduce new trading pairs and trading bot services for the stated tokens, a move that has ignited investor excitement worldwide.
Binance Enhances Listing For SUI & TURBO Sparking Speculations
Despite this, enthusiasts in the cryptocurrency market are debating whether the listings could positively influence the coin prices, particularly in light of recent market events. Binance, the cryptocurrency exchange, disclosed in a formal notice dated October 15 that it will be offering trading pairings for SUI/BRL and TURBO/TRY today at 8:00 UTC.
When the cryptocurrency exchange made this decision, it was primarily with the intention of improving the trading experience for users and refining the number of trading options that are available on the site.
Furthermore, to achieve this goal, the leading cryptocurrency exchange will start providing trading bot services for Spot Algo orders on the previously discussed BRL and TRY pairings. The announcement has quickly received tremendous traction across the market as a whole, despite the fact that market observers for the coins are still not fully understanding the situation at this time.
While the earlier offerings of the cryptocurrency exchange have typically been responsible for positive momentum in the price of an asset, the layer-1 blockchain-based coin, on the other hand, invites predictions that are opposed to one another. Notably, allegations of SUI insiders selling native tokens valued over $400 million have sparked unfavorable emotions towards the cryptocurrency.
Despite the recent announcement, this story has cast doubt on market attitudes. On the other hand, TURBO generated positive buzz concurrently with its listing, as a clever whale made a profit of $1.03 million by trading the token today. During the period of September 21 to October 13, the address 0x5ac was initially successful in acquiring 188.89 million coins from Binance.
After that, the whale successfully sold all of its interests, leading to an increase of 82.5% in less than a month. Investors continue to be concerned about one token, while they are optimistic about the second token in light of recent market occurrences. These chronicles have produced contradictory views among investors.
Today, the price of SUI has increased by slightly more than one percent, and it is currently trading at $2.26. During the trading day, the coin recorded low and maximum prices of $2.18 and $2.29, respectively. The coin is currently trading in the green, following the market’s direction.
However, Ali Martinez, a cryptocurrency market expert, stated on X today that the TD Sequential on the coin’s chart has flashed a sell signal. This indicator has caused investors to worry about the asset’s future price, even though Binance has expanded its trading offerings.
On the other hand, the price of TURBO skyrocketed by about 35 percent as a result of the revelation that Binance will be listing it, eventually reaching $0.01166. The currency reached a low of $0.008645 and a high of $0.01231, respectively, during the course of the day. The smart whale’s significant profit and the exchange’s expanded services continue to encourage participants in the cryptocurrency market.
