PONKE spikes 10% after Binance broadcasts perpetual contract itemizing

• PONKE value has jumped 10% amid Binance Futures itemizing.
• Binance has not too long ago listed perpetual contracts for a number of meme cash, together with GOAT.

Binance has introduced the itemizing of the PONKEUSDT perpetual contract, with merchants getting as much as 75x leverage as from Nov. 4 at 12:30 UTC.

PONKE, a meme coin on Solana that has not too long ago seen important group curiosity amid market resurgence, surged greater than 10% after the information. The value of PONKE had traded close to $0.46 early Monday, however went vertical to close $0.55 as merchants reacted to the Binance Futures information.

Final week, the worth of meme coin Goateus Maximus additionally rocketed as Binance added perpetual contract for GOAT.

Ponke value surges 10%

Positive aspects for the PONKE meme coin come as most cryptocurrencies eye upward bounce following this weekend’s dip. Per information from CoinMarketCap, Ponke was among the many largest 24-hour gainers within the high 500 by market cap. PolitiFi tokens MAGA and TRUMP had been seeing probably the most positive factors as polls prompt Donald Trump is main Kamala Harris within the race for White Home.

Binance has not introduced spot buying and selling help for Ponke, however the group is worked up on the visibility and traction that the perpetual contract itemizing brings.

Notably, this comes amid the social media commentary round token itemizing on Binance and Coinbase.

In a put up on X, Coinbase CEO Brian Armstrong famous that the US-based crypto trade costs $0 charges to token itemizing. This was in response to a different put up that claimed Binance had requested for tens of millions of {dollars} to checklist a high tier undertaking.

Nonetheless, Fantom co-founder Andre Cronje refuted Armstrong’s claims, noting that Coinbase had requested for tens of millions in itemizing payment however Binance hadn’t. Tron founder Justin Solar additionally supported Cronje’s assertion.

Binance charged us $0.

Coinbase required us to pay 500 million TRX (price $80 million) and demanded a $250 million BTC deposit in Coinbase Custody to spice up their efficiency.

A number of respect. However that is merely not true. https://t.co/faEgtGLLhW

— H.E. Justin Solar🌞(hiring) (@justinsuntron) November 4, 2024

In the meantime, Binance co-founder Yi He, took to X to dismiss the FUD and to make clear the trade’s itemizing coverage.