\n<\/p>\n
The cryptocurrency market is a sea of red today (November 5), with most leading digital assets posting substantial losses after yet another market collapse.<\/p>\n
However, one lesser-known altcoin has soared by triple digits following support from the biggest crypto exchange.<\/p>\n
Binance added<\/a> Momentum (MMT) to various programs, including Binance Simple Earn, \u201cBuy Crypto,\u201d Binance Convert, Binance Margin, and Binance Futures.<\/p>\n The announcement triggered a major rally for the digital asset, whose valuation briefly skyrocketed above $4, whereas its market cap surged beyond $800 million. In the following hours, however, MMT retraced to the current $1.16, representing a 160% increase on a daily scale.<\/p>\n Reactions of that type are nothing unusual, as backing from Binance boosts the liquidity and visibility of the involved cryptocurrency, giving it a significant reputation shot.<\/p>\n Momentum (MMT) is a recently launched token that has also received support from Upbit, OKX<\/a>, LBank, and other leading exchanges. Its major price swings have captured the attention of industry participants, and some, like X user Honey, have labeled<\/a> the project as a scam.<\/p>\n $MMT<\/a> Biggest Scam in Crypto History! \u2014 Honey (@Honeyxgpt) November 5, 2025<\/a><\/p>\n<\/blockquote>\n Besides adding support for MMT, the company said<\/a> it will delist the following spot trading pairs: INIT\/BNB, IOTX\/BTC, PEOPLE\/BTC, RESOLV\/FDUSD, RUNE\/FDUSD, and USUAL\/BTC. The effort did not cause any significant declines, as such are often witnessed when Binance terminates all trading services with certain cryptocurrencies.<\/p>\n That was the case towards the end of October when the firm delisted<\/a> Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). All affected tokens nosedived by double digits.<\/p>\n Earlier this month, KDA took another blow when Binance revealed<\/a> it would close all positions and conduct an automatic settlement on the KDA\/USDT perpetual contract. Axie Infinity (AXS) and Theta Network (THETA) also headed south due to the termination of the AXS\/USD and THETA\/USD perpetual contracts.<\/p>\n The post This Cryptocurrency Explodes by 160% After Backing From Binance: Details Here<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
\n114M liquidated in a newly listed coin within just 24h
\nThe highest short liquidation across the entire market
\nEven $BTC<\/a>\u2018s total short liq. is just 56M
\nA few whales got wiped out alone with nearly 50M in losses
\nPure manipulation at its finest pic.twitter.com\/AVjRyQGmny<\/a><\/p>\nOther Binance Moves<\/h2>\n
![<\/a>MMT Price, Source: CoinGecko<\/figcaption><\/figure>\nReactions of that type are nothing unusual, as backing from Binance boosts the liquidity and visibility of the involved cryptocurrency, giving it a significant reputation shot.<\/p>\nMomentum (MMT) is a recently launched token that has also received support from Upbit, OKX<\/a>, LBank, and other leading exchanges. Its major price swings have captured the attention of industry participants, and some, like X user Honey, have labeled<\/a> the project as a scam.<\/p>\n\n$MMT<\/a> Biggest Scam in Crypto History!\n114M liquidated in a newly listed coin within just 24h\nThe highest short liquidation across the entire market\nEven $BTC<\/a>\u2018s total short liq. is just 56M\nA few whales got wiped out alone with nearly 50M in losses\nPure manipulation at its finest pic.twitter.com\/AVjRyQGmny<\/a><\/p>\n\u2014 Honey (@Honeyxgpt) November 5, 2025<\/a><\/p>\n<\/blockquote>\nOther Binance Moves<\/h2>\nBesides adding support for MMT, the company said<\/a> it will delist the following spot trading pairs: INIT\/BNB, IOTX\/BTC, PEOPLE\/BTC, RESOLV\/FDUSD, RUNE\/FDUSD, and USUAL\/BTC. The effort did not cause any significant declines, as such are often witnessed when Binance terminates all trading services with certain cryptocurrencies.<\/p>\nThat was the case towards the end of October when the firm delisted<\/a> Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). All affected tokens nosedived by double digits.<\/p>\nEarlier this month, KDA took another blow when Binance revealed<\/a> it would close all positions and conduct an automatic settlement on the KDA\/USDT perpetual contract. Axie Infinity (AXS) and Theta Network (THETA) also headed south due to the termination of the AXS\/USD and THETA\/USD perpetual contracts.<\/p>\nThe post This Cryptocurrency Explodes by 160% After Backing From Binance: Details Here<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/MMT-Price.png\"){kind=link}