Binance Reclassifies Popular Cryptocurrencies

On July 21, 2025, Binance, a prominent entity in the cryptocurrency exchange arena, declared the removal of the “Seed Tag” from five significant altcoins: Bonk (BONK), EigenLayer (EIGEN), ether.fi (ETHFI), Pudgy Penguins (PENGU), and Pepe (PEPE). Previously marked as new and high-risk, these altcoins will no longer bear this label, signaling a pivotal shift in their categorization based on routine assessments conducted by Binance.

The Seed Tag serves as a notification mechanism used by Binance indicating potentially volatile new projects. Its removal signifies that these altcoins have passed the initial volatility stage and have successfully met Binance’s stringent evaluation criteria, demonstrating maturity and stability.

What Are the Evaluation Criteria?

Binance’s evaluation process for removing the Seed Tag encompasses several crucial factors. The diligence of the project team, the quality of ongoing development, and the level of trading activity and liquidity are carefully reviewed. Network security, community engagement, adherence to regulatory standards, and any unexpected changes in coin supply are also taken into account.

Investors in Bonk, EigenLayer, ether.fi, Pudgy Penguins, and Pepe will see this label change from the stated date. Transactions will continue as usual without the prior warning notice, but Binance assures that other operations and listings will not be affected by this adjustment.

To ensure transparency, Binance frequently issues “due diligence” requests to various projects. The responses they receive play a pivotal role in reassessing their Seed Tag status. The latest evaluations confirm that these five altcoins have met the established benchmarks, prompting the removal of the Seed Tag as of July 21, 2025.

Even with these developments, Binance reminds users that despite the removal of the Seed Tag, BONK, EIGEN, ETHFI, PENGU, and PEPE are still prone to market fluctuations, urging them to perform careful due diligence before investing.

Key conclusions drawn from this update include:

• The Seed Tag removal indicates a project’s progression and reduced volatility.
• Assessment factors include team commitment, activities, and regulatory compliance.
• Changes reflect a move towards stability, though risks still remain.

Binance’s decision to lift the Seed Tag from these altcoins marks a significant milestone in their development journey, affirming their potential in the ever-evolving crypto market. Investors are encouraged to stay informed and cautious, mindful of the inherent volatility of digital assets.