This newly launched crypto token just pumped 1000% following Binance listing

As the DeFi market's momentum continues stagnating, return hungry crypto investors have been flocking to presales and new token listings to try to garner massive profits in a short amount of time.

Today a relatively unknown token called Audius launched without much hype of talk of it on Twitter.

This instantly created immense hype around the project, sending the crypto token's price rocketing by over 1000 percent in a mere matter of hours.

Audius Music launches crypto token, receives Binance investment.

Earlier today, the mainnet for a new music-focus blockchain project launched, tied with the new AUDIO token.

Upon launching, the crypto token saw mixed price action, drifting lower until Binance announced that they made a strategic investment in Audius Music - the project that the token is tied to.

AUDIO token rockets 1000% following Binance listing.

Shortly after the strategic investment was announced, the AUDIO token also received a listing on the crypto exchange, which further fueled the rally that was shaping up.

Ultimately, this led the token to surge well over 1000 percent before its momentum began stalling, and large buyers began taking profits off the table.

At the time of writing, the Audius platform's token is trading up over 900% at its current price of $0.44.