Binance, known as the world’s largest exchange by volume, continues to make noticeable impacts on the market with its decisions. Whether it’s listings and delistings or support for updates specific to networks and cryptocurrencies, these actions are seen as significant milestones. Just minutes ago, an important announcement was shared on the exchange’s official announcement page, indicating that two meme coins will be listed for futures trading. Following the news, both meme coins saw a rise in value.
Binance Launches Futures Trading
Binance added two more innovations to its futures trading side and announced that futures trading for POPCAT and SUN will be supported up to 75x leverage.
The announcement was as follows:
Dear Binancians,
Binance Futures will launch the POPCATUSDT Perpetual Contract at 13:00 (UTC) on 2024-08-22 and the SUNUSDT Perpetual Contract at 13:05 (UTC) on 2024-08-22, with up to 75x leverage to expand the list of trading options offered on Binance Futures and enhance users’ trading experience.
More details on these perpetual contracts can be found in the table below:
The shared table shows that futures trading in the POPCAT/USDT pair will start today, August 22, 2024, at 16:00, while the SUN/USDT pair is set for the same day at 16:05. Following the news, attention quickly turned to these meme coins, and the price rise did not go unnoticed.
POPCAT and SUN Prices
First, looking at POPCAT, it saw an 18.6% increase within minutes. After the price rise, POPCAT’s price reached $0.5187, and its market cap surpassed $507 million, placing POPCAT at the 109th rank, almost breaking into the top 100.
SUN, one of the meme coins on the TRON network that has been making headlines in recent days, also rose by 14%, reaching $0.2179. Following this price increase, its market cap was recorded at $216.8 million.
