Binance has rolled out new borrowing options for a fresh batch of altcoins, introducing Hyperlane, SIGN, Initia, KERNEL, and WalletConnect to its VIP Loan platform.
While the move was positioned as a step toward boosting token utility and exposure, market reactions didn’t follow a clear path—only one asset out of the five managed to rally as the rest slipped into the red.
The announcement, made public on April 30, briefly stirred speculation around potential price jumps and improved liquidity. However, those expectations didn’t quite align with real-time trading data.
SIGN was the outlier, posting an impressive 50% surge over the week, though it couldn’t avoid a steep 18% dip during the day. KERNEL fell 5% within hours and showed a broader weekly slide of 10%.
Hyperlane didn’t fare much better, dropping by 3% on the day and 27% across seven days. WalletConnect and INIT also followed the downward trend, with only minor fluctuations to cushion the decline.
Despite Binance’s continued expansion of asset offerings, this latest batch has revealed a clear disconnect between availability and performance—at least in the short term. Still, with the broader crypto market leaning bullish, investors may yet find renewed interest in these tokens as liquidity builds and sentiment evolves.
A new liquid staking token, Haedal Protocol (HAEDAL), is making its way to Binance’s spot market this week, accompanied by an airdrop targeting loyal BNB holders.
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Momentum is building across the digital asset space as Bitcoin edges closer to its previous peak near $109,000, igniting renewed speculation about whether a broader altcoin surge is about to follow.
Kraken is ramping up its presence in the European crypto derivatives market by activating a regulatory license acquired through a Cypriot investment firm earlier this year.