Cryptocurrency trade Binance on Monday issued an necessary announcement for the lately launched MELANIA meme coin, garnering substantial consideration globally. The trade revealed that it’s launching a perpetual contract for the talked about crypto, sparking market optimism amid a 75% value rally already taken by the asset. As a response, merchants and traders now anticipate a sustained rally as one of many prime exchanges extends assist to the Melania Trump-related crypto venture.
Binance Unveils MELANIA Futures Contract Shortly After Token Launch
According to an official Binance announcement dated January 20, the crypto trade is launching the MELANIAUSDT perpetual contract at 09:30 UTC. Further, the platform’s monumental consumer base stays poised to take pleasure in 25x leverage buying and selling the asset.
This mover by the crypto trade falls in step with the platform’s efforts to faucet into rising markets. Also, it’s price mentioning that the capped funding charge set by the trade was at +2.00% / -2.00%.
Notably, the Melania meme coin has lately emerged because the speak of the crypto city, reflecting an analogous strategy to the lately launched Official Trump token. Former first girl of the U.S., Melania Trump posted on X concerning the launch of the meme coin.
The Official Melania Meme is reside!
You should purchase $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
While these chronicles aided the token in gaining important traction, CoinGape reported that the MELANIA meme coin launch stirred big buying and selling exercise. Overall, the abovementioned developments have aided the crypto venture in securing a outstanding spot on merchants’ and traders’ radars.
However, blockchain information tracker Bubblemaps’ recent X post has revealed that the brand new coin’s tokenomics appear suspicious. Notably, 89% of the coin’s provide remains to be in a single pockets and hasn’t been cut up, opposite to what the token’s web site exhibits.
Coin’s Price Pumps Over 75%, More Steam Ahead?
After the Binance itemizing information, MELANIA value prolonged the upside run to 75% to commerce at $12.89. The coin’s intraday high and low have been $6.62 and $13.73, respectively. Notably, market watchers stay bullish on the asset’s future actions as futures itemizing on Binance, one of many main crypto exchanges, considerably enhances the coin’s market visibility.
Simultaneously, it’s additionally noteworthy that the brand new token launch aligns with Arthur Hayes’ prediction of a political memecoin market period. Overall, the present sentiment round such tokens stays extremely bullish, though market contributors stay apprehensive, given the dynamic nature of the broader crypto realm.
Coingape Staff
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