Binance Adds Support for Three Altcoins, Triggering Price Movements

Binance, one of the leading cryptocurrency exchanges, has revealed its commitment to supporting network upgrades and hard forks for three altcoins: Sei (SEI), IOTA (IOTA), and Arweave (AR). These upgrades are set to bring changes to these digital assets, and Binance users need to be aware of the important dates and details.

Here’s what you need to know:

Sei (SEI):

• Network upgrade scheduled for approximately 03.10.2023 at 15:00 UTC.
• Deposits and withdrawals of SEI tokens will be temporarily suspended starting around 03.10.2023 at 14:00 UTC.

IOTA (IOTA):

• Network upgrade planned for approximately 04.10.2023 at 06:00 UTC.
• After the upgrade, the total supply of IOTA tokens will change to 4.6 billion.
• Deposits and withdrawals of IOTA tokens will be temporarily halted starting approximately 04.10.2023 at 05:00 UTC.

Arweave (AR):

• Network upgrade scheduled for approximately 05.10.2023 at 07:00 UTC.
• Deposits and withdrawals of AR tokens will be temporarily suspended starting around 05.10.2023 at 06:00 UTC.

It’s important to note that trading of these tokens on the mentioned networks will not be affected by these upgrades. Binance assures users that they will meet all technical requirements during this process.

Deposits and withdrawals for these tokens will resume once the upgraded networks are stable, and Binance will not provide further announcements regarding this matter.

Following Binance’s announcement, there was a notable price increase in SEI and AR tokens, while IOTA’s price experienced no significant movement.