Binance Announcement Pumped the Wrong Altcoin: Price Surged by 41%

Recently, the volatility in the cryptocurrency market has attracted the attention of investors. Especially, Binance's recent airdrop announcement 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), saw a 41% increase.

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

However, this announcement led to significant confusion in the crypto market. The MMT that Binance will list is from the Momentum project, a DeFi venture operating on the Sui blockchain, while some investors mistakenly bought the token of another project with the same ticker, MeMusic (MMT). This confusion resulted in a sudden spike 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 traded between $0.0001565 and $0.0002984 throughout the day. Such price movements can cause significant fluctuations in the markets and illustrate how vital it is for investors to access accurate information.

It is crucial for investors to be cautious in such situations and to research the background of projects. Name confusion is common in the cryptocurrency world, and such situations can have questionable outcomes. It should not be forgotten that investors must act carefully and conscientiously to avoid similar situations in the future.