Why Ronin’s Price Tumbled After a Major Exchange’s Listing Mix-Up: Will the RON Listing Lead to a Rebound?

Binance, one of the world’s largest cryptocurrency exchanges, announced it would list Ronin (RON) on its platform. The Ronin_Network X ( formerly Twitter) account shared the news, stating that RON would be tradeable against Bitcoin, USDT, Binance USD, and Turkish Lira pairs. The announcement led to initial excitement within the Ronin community, which has long awaited a major exchange listing.

However, Binance clarified the initial announcement mistakenly referred to $RON instead of $RONIN. Crypto market analyst Satoshi_Talks highlighted in a tweet that this error led to a drop in RONIN’s price, an unusual outcome as listing announcements usually drive up asset prices.

In a series of tweets, Binance founder Yi He acknowledged the error and thanked the community for their feedback and suggestions. Yi stated that after an internal review, Binance discovered that it had previously integrated the Ronin blockchain to enable user withdrawals. External detection of this activity led to speculation about a potential Ronin listing on Binance.

Binance opted to list RONIN formally in response to the accidental leak. Additionally, Yi He outlined several adjustments being made internally:

  • Projects found leaking listing information will receive warnings or termination of partnership
  • Improve external communications protocols to prevent leaks
  • Rewards up to $1 million for proof of employee insider information leaks

According to price data site CoinGecko, RONIN is trading around $2.67, down 18.54% in the last 24 hours but up 2.8% over the past week.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!


Show more +

This mix-up highlights how exchange listing announcements can significantly affect cryptocurrency prices. Binance quickly admitted the mistake and promised to enhance information security, boosting confidence. Likely, the Ronin community remains hopeful that this much-anticipated listing will still raise awareness and trading activity for RONIN.

You may also be interested in:

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.