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Reading: Binance Announces New Listing for Magic Eden (ME) Token
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COINTURK NEWS > Binance > Binance Announces New Listing for Magic Eden (ME) Token
Binance

Binance Announces New Listing for Magic Eden (ME) Token

In Brief

  • Binance has confirmed the listing of Magic Eden (ME) Token today.

  • The listing includes multiple trading pairs, including ME/TRY.

  • Investors should carefully manage their profit zones after the listing.

Fatih Uçar
Fatih Uçar 6 months ago
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Binance, the largest cryptocurrency exchange by trading volume, has announced a new altcoin listing. The increasing volumes in cryptocurrency markets are prompting exchanges to adopt more aggressive listing strategies. Moments ago, Binance shared the exciting news about the listing of Magic Eden (ME) Token.

Contents
Details of the Magic Eden (ME) ListingToken Information and Market Reactions

Details of the Magic Eden (ME) Listing

According to the announcement made by Binance at the time of writing, the Magic Eden (ME) Token will be listed today at 15:00 (UTC). Trading pairs ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY will become active. Due to the significant interest from Turkish cryptocurrency investors, Binance has been diligent in including the Turkish Lira in its listings.

Token Information and Market Reactions

The ME token, widely used by Solana $176 investors on the NFT platform Magic Eden, will be listed with a “seed label.” This label carries similar implications to Coinbase’s “experimental” label, warning investors of high volatility risks.

With a maximum token supply of 1 billion, the token has seen gains of over 25% against the WOO perp pair. Given the overall downturn in the cryptocurrency markets, these gains may be limited. Conversely, should trading volumes shift towards ME, speculative rallies may emerge as traders seek profits during the market’s decline. Typically, Binance listings create local peaks within three days, so investors should effectively determine their profit zones.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 10 December, 2024 - 10:44 am 10 December, 2024 - 10:44 am
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