CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

CREAM Jumps 54% on Binance Listing; Major Dump Ahead?


CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume.

The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and US-regulated stablecoin BUSD.

CREAM/USD surged by almost 54 percent in just three hours of trading after the Binance listing. The pair hit an intraday high at $120.85.

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CREAM, DeFi, decentralized finance, Compound, cryptocurrency, Binance

CREAM/USD hits fresh intraday high after Binance listing. Source: TradingView.com

The gains also came after a long and depressive price action in the CREAM market. The token last week rallied from as low as $0.001 to as high as $279.45.

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