- PONKE value jumps 10% on Binance Futures providing.
- Binance lately listed perpetual contracts for a number of meme cash, together with GOAT.
Binance has introduced the launch of the PONKEUSDT perpetual contract, with merchants receiving as much as 75x leverage beginning November 4 at 12:30 UTC.
PONKE, a meme coin on Solana that has lately seen important neighborhood curiosity amid a market restoration, is up greater than 10% following the information. The worth of PONKE was buying and selling close to $0.46 early on Monday, however went vertical to almost $0.55 as merchants reacted to the Binance Futures information.
The worth of the Goateus Maximus meme coin additionally skyrocketed final week when Binance added a perpetual contract for GOAT.
Ponke's value improve by 10%
The good points for the PONKE meme coin come as most cryptocurrencies bounced again after this weekend's hunch. Ponke was among the many greatest 24-hour gainers within the prime 500 by market capitalization, in line with knowledge from CoinMarketCap. PolitiFi tokens MAGA and TRUMP noticed the largest good points as polls prompt Donald Trump was main Kamala Harris within the race for the White Home.
Binance has not introduced spot buying and selling help for Ponke, however the neighborhood is worked up concerning the visibility and traction the perpetual contract brings.
Notably, this comes amid social media commentary concerning the token itemizing on Binance and Coinbase.
In a publish on X, Coinbase CEO Brian Armstrong famous that the US-based crypto change fees $0 in token itemizing charges. This was in response to a different publish claiming that Binance had requested for hundreds of thousands of {dollars} to listing the top-level challenge.
Nevertheless, Fantom co-founder Andre Cronje refuted Armstrong's claims, noting that Coinbase requested for hundreds of thousands in itemizing charges, however Binance didn’t. Tron founder Justin Solar additionally supported Cronje's declare.
Binance charged us $0.
Coinbase required us to pay 500M TRX (value $80M) and required $250M BTC to be deposited into Coinbase Custody to extend their efficiency.
A lot respect. However that's simply not true. https://t.co/faEgtGLLhW
— ON Justin Solar🌞 (hiring) (@justinsuntron) November 4, 2024
In the meantime, Binance co-founder Yi He reached out to X to debunk the FUD and make clear the change's insurance policies.
