Binance, known as the world’s largest exchange by volume, significantly impacts the market with its decisions. Whether through listings and delistings or support for updates on networks and cryptocurrencies, it continues to hold an important place. Recently, an important announcement was made on the exchange’s official announcement page, revealing that a meme coin would be listed for futures trading.
Binance Announcement
Binance has been staying in the spotlight with its recent listings and support. The exchange, which has added many altcoins to its operations since the beginning of the week, seems to be paying a lot of attention to meme coins lately.
After recent developments regarding BRETT, the exchange announced that it would support an airdrop for FLOKI holders and later organized a campaign for users investing in DOGS. Today, it announced the launch of futures trading for ALPACA.
Dear Binancials,
Binance Futures will launch the ALPACAUSDT Perpetual Contract with up to 75x leverage on 2024-08-22 at 10:30 (UTC) to expand the trading options offered on Binance Futures and enhance the trading experience for users.
More details about the perpetual contract can be found in the table below:
It was noted that trading for ALPACA would begin today at 13:30. Following the news, attention turned directly to ALPACA’s price.
How Much is ALPACA Now?
After the news, ALPACA‘s price skyrocketed. The altcoin surged by 65% within minutes, reaching $0.2191. This caused the 24-hour price outlook to rise by 67.79% and, more importantly, the 7-day price outlook to increase by 141.44%.
The price increase also boosted the market volume, surpassing the $32 million mark. More importantly, the 24-hour trading volume exceeded $49 million, which was even higher than the total volume, indicating a high level of trading activity.
