Binance lists Theta Fuel (TFUEL), pumps both Theta coins in unison
Theta Fuel gained over 140% in about 3 hours following the Binance listing announcement, surging to an all-time-high 256 Satoshi before retracing:
And while it’s price has been see-sawing since, the coin is still up 103.7% for the day.
TFuel is the Theta network’s equivalent to Ethereum’s GAS. The project’s main coin, THETA, has also experienced a pump by attribution, soaring by 25% earlier today before heading back south.
Interestingly enough, both THETA coins began pumping almost simultaneously, which doesn’t seem all too organic. Another notable tidbit, reported by Hacked, is that both THETA and TFUEL were recently added to the Trust mobile wallet, which was acquired in Binance in 2018:
It could be the case that some anticipated TFUEL’s imminent addition to Binance as a result, allowing them to act early to the listing news.
Binance immediately added 6 TFUEL trading pairs, none of which are against ETH, which some interpreted as a subtle way to incentivize BNB trading pairs in Ethereum’s stead.