The Solana meme coin Moo Deng (MOODENG), impressed by the viral child hippo from Thailand, has garnered notable consideration amongst merchants and traders throughout the crypto market. On Friday, MOODENG worth shot up almost 90% as Binance enhanced commerce choices for the token. Notably, the crypto change is launching a USD-Margined perpetual contract for the Solana meme coin, driving market optimism.
MOODENG Bags Futures Listing Sparking Optimism On Price
According to an official Binance announcement on October 25, the crypto change is launching the MOODENGUSDT USD-Margined perpetual contract at the moment at 10:00 UTC. As per the announcement, customers on the platform can get pleasure from as much as 75x leverage buying and selling the asset.
Further, the underlying asset stays Moo Deng, the Solana-based meme coin. Moreover, the capped funding charge set by the change was at +2.00% / -2.00%. Also, the tick measurement for the perpetual contract was set at 0.00001. The announcement rolled out the contract tackle for verification as ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.
However, as ordinary, the itemizing announcement by the leading crypto exchange clarified that the perpetual contract stays poised to face potential modifications forward primarily based on market threat situations. The perpetual contract could witness potential changes to the funding charge, tick measurement, most leverage, preliminary margin, and upkeep margin necessities over the approaching days. Nonetheless, the announcement echoed optimism for MOODENG throughout the trade, as seen by the coin’s newest worth motion.
Solana Meme Coin’s Price Soars 100%
Notably, the announcement reverberated optimism for the Solana meme coin throughout the broader market, as seen by its phenomenal intraday positive factors. MOODENG worth gained almost 100% over the previous day and is at the moment buying and selling at $0.1388. Its intraday high and low had been recorded as $0.06547 and $0.1404, respectively. The coin continues to pump in opposition to the backdrop of a 141% surge within the intraday buying and selling quantity, indicating that the market reacted positively to the futures itemizing.
Simultaneously, Coinglass knowledge indicated that Moo Deng futures OI soared 173% to $57.47 million at the moment. Also, the derivatives quantity skyrocketed 234% to $327.77 million. This knowledge underlined heightened investor curiosity within the asset, hinting that the coin is on an uptrend at the moment. Crypto market lovers proceed to extensively eye the token for additional positive factors because the itemizing paves the trail for cash influx into the asset.
Meanwhile, it’s noteworthy that the crypto change additionally added Goatseus Maximus perpetual contract to its stockpile of choices, urging a pump in GOAT worth. Overall, Binance’s listings seem to have a constructive impression on a crypto’s worth.
Coingape Staff
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