The world’s leading cryptocurrency exchange said it had listed the Ethereum Name Service (ENS) coin just a day after it was airdropped to platform users. Shortly after, the price skyrocketed by 50% to a new high.
CryptoPotato reported yesterday that the popular system for decentralized naming – Ethereum Name Service – airdropped its governance token to existing name registrants.
The price of the token surged immediately, with numerous users bragging about substantial profits on Twitter.
Should they have decided to refrain from selling, their profits could have increased today as well.
The token’s price had calmed around $42 when news coming from Binance sent it north by 50%. As a result, ENS tapped $68 for a new all-time high, according to CoinGecko.
Its market capitalization exceeded $1 billion briefly as ENS has entered the top 150 coins by that metric.
The news in question that propelled this impressive price surge reads that Binance has listed the recently-airdropped coin.