This Surprise Altcoin Listed on Binance Suffers a Big Drop! Here’s Why

The altcoin market continues to suffer, negatively impacting liquidity.

Accordingly, altcoin liquidity remains at very low levels, and this weak altcoin liquidity caused 1INCH, listed on Binance, to drop by 7% with a sell order of less than $2 million.

According to an analysis shared by Chinese crypto analyst EmberCN on their X account, liquidity in the altcoin market has seriously deteriorated. The analyst noted that 1INCH, considered a significant altcoin with a market capitalization of approximately $180 million, fell by 7% after a single sell order exceeding $2 million.

EmberCN also pointed out the low trading volume of 1INCH, specifically highlighting that the 24-hour trading volume of the 1INCH/USDT pair on Binance was only $1.5 million.

It was stated that $1.16 million of this total transaction volume originated from arbitrage bots, while the actual liquidity remained around $340,000.

EmberCN also noted that “contrary to the apparent trading volume, the actual buying and selling base is extremely weak,” and that a liquidity gap is currently widening in the altcoin market.

 

Appearing at Solana Breakpoint 2025, Jupiter (JUP) unveiled a comprehensive product and infrastructure upgrade package for the future of onchain finance.

Numerous innovations were introduced, including making Jupiter Lend open source, integrating the new stablecoin JupUSD, expanding the verification layer with VRFD, strengthening the developer platform, and acquiring Rainfi.

However, despite the updates, the JUP price has fallen by 4% in the last 24 hours, with a significant portion of this drop occurring after the update details were announced.

The presentation first announced that Jupiter Lend had moved out of beta after a four-month testing period and become fully open source. Another major innovation from Jupiter was the JupUSD stablecoin, which will be launched next week. Developed in collaboration with Ethereum, JupUSD will be fully integrated with Jupiter's swap, perps, lending, and DCA tools, forming the basis of a “cross-product synergy” model.

The VRFD upgrade, introduced with Breakpoint, transforms Verify into a full-fledged data layer. It will no longer just verify tokens; metadata standardization, high-signal information, and a centralized verification infrastructure via the Pro API will now be integrated across all Jupiter products.