• In the course of the Binance futures itemizing, PONKE value elevated by 10%.
• Binance just lately listed perpetual contracts for a number of meme cash, together with GOAT.

Binance pronounces the itemizing of PONKEUSDT perpetual contract, giving merchants as much as 75x leverage beginning November 4th at 12:30 UTC.

Solana's meme coin, Ponke, has just lately garnered vital group curiosity amid a market resurgence, and soared greater than 10% on the information. PONKE value was buying and selling close to $0.46 early Monday, however rose to almost $0.55 as merchants reacted to the Binance futures information.

Final week, the value of the meme coin Goateus Maximus additionally skyrocketed as Binance added a perpetual contract to GOAT.

Ponke value will increase by 10%

The rise in PONKE meme coin comes as most cryptocurrencies rebound upwards following this weekend's decline. In response to information from CoinMarketCap, Ponke was one of many greatest 24-hour gainers among the many high 500 shares by market capitalization. Polls present Donald Trump main Kamala Harris within the White Home race, with PolitiFi tokens MAGA and TRUMP gaining probably the most.

Though Binance has not introduced spot buying and selling assist for Ponke, the group is worked up concerning the visibility and traction that itemizing perpetual contracts will convey.

Notably, this occurred amidst social media feedback relating to Binance and Coinbase's token itemizing.

Coinbase CEO Brian Armstrong stated in a publish on X that the US-based cryptocurrency alternate fees $0 charges for itemizing tokens. This was in response to a different publish that claimed that Binance demanded thousands and thousands of {dollars} to listing high tasks.

Nevertheless, Fantom co-founder Andre Cronje disputed Armstrong's claims, stating that Coinbase demanded a multi-million greenback itemizing charge, whereas Binance didn’t. Tron founder Justin Solar additionally supported Cronje's claims.

The quantity charged by Binance was $0.

Coinbase requested us to pay 500 million TRX (equal to $80 million) and required $250 million BTC deposit in Coinbase custody to enhance efficiency.

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

— He, Justin Solar🌞 (presently hiring) (@justinsuntron) November 4, 2024

In the meantime, Binance co-founder Yi He referred to as on X to dismiss FUD and make clear the alternate's itemizing coverage.