Theta Fuel (TFUEL) Sparks 176% Pump on Binance Listing; Instant All-Time High
Theta Fuel gained 176% in a flash on Friday shortly after Binance announced it would be listing the TFUEL token. TFUEL is the second native token of the Theta network (THETA) – a coin which felt its own 40% pump on Friday morning in an act of good will splashback. Theta Fuel acts as the Theta network’s equivalent of Ethereum’s gas; or NEO’s GAS; or Ontology’s ONG, for that matter.
Looking back at Theta’s timeline from the past few months, we see that Theta and Theta Fuel were both added to the Trust mobile wallet around mid-April. On Binance, Theta Fuel will be immediately paired up with 6 different tokens. By refusing to launch a TFUEL/ETH pair, Binance seems to be quietly pushing users to convert to the exchange’s own BNB token.
Numerous tokens have departed Ethereum to find a new home on Binance Chain in recent months, including Mithril (MITH). TFUEL’s parent token – Theta (THETA) – pumped by close to 40% on the day. It too was predominantly traded on Upbit, although Binance’s BTC and USDT pairs also produced over $16 million worth of the $43 million daily volume.
