Binance Wallet to Launch Codatta Token XNY

Binance Wallet will officially start the circulation of the Codatta token (XNY) on July 23, 2025, at 20:00 UTC, allowing Pre-TGE participants to commence trading on Binance Alpha.

The launch of the Codatta token matters because it may influence trading volumes within Binance’s ecosystem. Anticipation among traders and developers is notable, but the broader financial repercussions remain speculative until post-launch data emerges.

The Codatta (XNY) token enters the market through Binance Wallet’s official announcement, setting 20:00 UTC on July 23 for the start of circulation. Pre-TGE participants gained early trade access on Binance Alpha after the official launch time.

The token’s entry involves Binance Wallet and Codatta’s team, yet specific leadership names remain undisclosed. Actions taken include trade access for Pre-TGE participants and Booster good winners. The token launch follows a typical centralized exchange format.

The Codatta (XNY) token will officially start circulating at 20:00 Beijing time on July 23, 2025. Users who participated in the Codatta Pre-TGE can trade XNY tokens on Binance Alpha. Winners of the Codatta Booster activities in weeks 1 and 2 can claim and trade XNY tokens within 8 hours after the token’s circulation begins. — Binance Wallet, Official Statement

Ethereum and Bitcoin are unaffected directly by the XNY launch. Market dynamics may change once trading begins, possibly influencing trading volumes for Binance’s native asset BNB. No official institutional or funding ties are disclosed presently.

Financial effects from XNY’s introduction are speculative, with no immediate regulatory shifts. Binance-curated tokens sometimes see spillover into core assets, though there is no explicit evidence linking XNY’s debut to broader crypto volatility at this time.

Potential outcomes include altered trading behavior within Binance’s operations, as observed in prior launches. Historic trends indicate increased activity in Binance’s core tokens like BNB. Technological adjustments, if any, remain within Binance’s current operational capabilities.