This Cryptocurrency Explodes by 160% After Backing From Binance: Details Here
The cryptocurrency market is a sea of crimson at this time (November 5), with most main digital property posting substantial losses after one more market collapse.
However, one lesser-known altcoin has soared by triple digits following help from the largest crypto change.
The Impressive Pump
Binance added Momentum (MMT) to varied applications, together with Binance Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, and Binance Futures.
The announcement triggered a serious rally for the digital asset, whose valuation briefly skyrocketed above $4, whereas its market cap surged past $800 million. In the next hours, nevertheless, MMT retraced to the present $1.16, representing a 160% enhance on a each day scale.
Reactions of that sort are nothing uncommon, as backing from Binance boosts the liquidity and visibility of the concerned cryptocurrency, giving it a big popularity shot.
Momentum (MMT) is a not too long ago launched token that has additionally obtained help from Upbit, OKX, LBank, and different main exchanges. Its main value swings have captured the eye of trade members, and a few, like X consumer Honey, have labeled the undertaking as a rip-off.
$MMT Biggest Scam in Crypto History!
114M liquidated in a newly listed coin inside simply 24h
The highest quick liquidation throughout the complete market
Even $BTC‘s complete quick liq. is simply 56M
A number of whales obtained worn out alone with almost 50M in losses
Pure manipulation at its best pic.twitter.com/AVjRyQGmny— Honey (@Honeyxgpt) November 5, 2025
Other Binance Moves
Besides including help for MMT, the corporate said it would delist the next spot buying and selling pairs: INIT/BNB, IOTX/BTC, PEOPLE/BTC, RESOLV/FDUSD, RUNE/FDUSD, and USUAL/BTC. The effort didn’t trigger any vital declines, as such are sometimes witnessed when Binance terminates all buying and selling companies with sure cryptocurrencies.
That was the case in the direction of the tip of October when the agency delisted Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP). All affected tokens nosedived by double digits.
Earlier this month, KDA took one other blow when Binance revealed it could shut all positions and conduct an computerized settlement on the KDA/USDT perpetual contract. Axie Infinity (AXS) and Theta Network (THETA) additionally headed south because of the termination of the AXS/USD and THETA/USD perpetual contracts.
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