4 months ago
1 min read
DYdX Token Soars By 10% After SEC Sues Binance
The native token of the decentralized exchange platform DYDX, known as DYDX, experienced a significant price jump to $2.23 following the announcement of a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange. The surge in the DYDX token price represented a gain of approximately 10% from its lowest price of $2.04 within the past hour, as reported by CryptoWatch, a data analytics firm. The price surge of the DYDX token was triggered by the SEC’s statement, which alleged that BNB and BUSD, tokens associated with centralized exchange Binance, were unregistered security offerings.