Biannce Drops Tags on ZEC & Others – Here’s Why

Key Points

1. Binance announced the removal of monitoring tags for Zcash (ZEC) and seed tags for Wormhole (W), Ethena (ENA), Pyth Network (PYTH), and Bittensor (TAO) on July 9, 2025.

2. Following the announcement, ZEC's price increased by 4.2%, trading at around $40 during the early European session.

3. Pyth Network (PYTH) saw a 4% gain, trading at approximately $0.09865, while ENA's price rose by 3.6% to about $0.26, and W's price increased by 2.1% to around $0.06494.

4. The removal of tags is expected to improve market activity for these assets, particularly ZEC, which has a fully diluted valuation of about $645 million.

5. The decision reflects Binance's ongoing adjustments to its listing policies, similar to its earlier delisting of Monero (XMR) in January 2024.