Binance Announcement Wrongly Boosted Altcoin: Price Rises 41% and Explodes

Recently, the volatility in the cryptocurrency market has drawn the attention of investors. Especially, the latest airdrop announcement from Binance has caused an unexpected price movement. After the cryptocurrency exchange announced that it would conduct an airdrop for a new project called Momentum (MMT), the price of another altcoin with the same ticker, MeMusic (MMT), increased by 41%.

Binance introduced the Momentum (MMT) project as part of its HODLer Airdrop program. Users were given the opportunity to earn retroactive MMT airdrop rewards based on their BNB investments from October 17 to 19. According to sources, Binance will list Momentum (MMT) on November 4, 2025, at 15:00, with trading pairs MMT/USDT, MMT/USDC, MMT/BNB, and MMT/TRY.

However, this announcement caused significant confusion in the crypto market. The MMT that Binance will list is the Momentum project, which operates on the Sui blockchain in the DeFi sector, while some investors purchased another project with the same ticker, namely MeMusic (MMT). This confusion led to a sudden surge in the price of MeMusic (MMT) token.

According to CoinMarketCap data, the price of MeMusic increased by 41.6% within 24 hours, rising to $0.0002264. The token was traded between $0.0001565 and $0.0002984 during the day. Such price movements can cause significant fluctuations in the markets and highlight how crucial it is for investors to access accurate information.

It is important for investors to be cautious in such situations and to research the background of the projects. Name confusions occur frequently in the cryptocurrency world, and these situations can lead to questionable outcomes. Investors should remember that they need to act carefully and consciously to avoid similar situations in the future.