The Solana meme coin Ponke (PONKE) noticed its worth soar by 19% following Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. Set to launch on November 4, 2024, this contract affords customers as much as 75x leverage, signaling elevated alternatives for merchants and heightened optimism amongst PONKE supporters.
PONKE Price Rockets Amid Major Binance Support
According to Binance’s official announcement, the PONKEUSDT perpetual contract will go stay on November 4 at 12:30 UTC, offering merchants with 75x leverage and 24/7 buying and selling. Key options embody a tick measurement of 0.00001 and a capped funding fee of ±2.00%, with funding charges settled each 4 hours. Binance’s Multi-Assets Mode additional permits customers to make the most of BTC as collateral, providing flexibility in margin buying and selling. However, the trade could modify contract specs, resembling funding charges, leverage, and tick measurement, primarily based on evolving market circumstances, guaranteeing the asset aligns with market threat ranges.
#Binance Futures will launch the USDⓈ-Margined $PONKE Perpetual Contract at
🗓️ Nov 4 2024, 12:30 (UTC)
Read extra ➡️ https://t.co/kqrmZqnEp6 pic.twitter.com/LQPUlMOBOR
— Binance Futures (@BinanceFutures) November 4, 2024
PONKE, constructed on Solana, advantages from the blockchain’s high-speed and low-cost transactions, catering to on-line merchants and gaming lovers. The coin’s community-driven design, distinct tokenomics, and accessibility by means of main exchanges contribute to its market attraction. Its #ponkyarmy neighborhood is especially energetic, with governance roles and a devoted social media presence that drive additional engagement and development.
Will The Rally Sustain?
Following the Binance itemizing information, PONKE’s worth surged by 19%, presently buying and selling at $0.49, with a 24-hour low of $0.43 and a excessive of $0.56. Its buying and selling quantity climbed to $77 million within the final 24 hours, indicating heightened curiosity. PONKE, with a market cap of $274 million, continues to seize the eye of meme coin lovers. Besides, current Coinglass data additionally highlights elevated open curiosity for PONKE, signaling optimism for additional good points.
Launched in late 2023 with a complete provide of 555 million tokens, PONKE has already achieved an all-time excessive of $0.70 4 months in the past. Its deflationary burn mechanism and community-driven options have positioned PONKE uniquely throughout the Solana ecosystem, drawing each meme coin followers and traders in search of development in Solana-based assets.
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