Binance has officially announced the listing of the PONKEUSDT perpetual contract, allowing traders to utilize leverage of up to 75x starting November 4 at 12:30 UTC. Following the announcement, PONKE, a meme coin on the Solana blockchain, experienced a significant price surge, climbing over 10% from around $0.46 to nearly $0.55 as traders reacted positively to the news.
PONKE's gains come as cryptocurrencies are looking to bounce back after a recent dip, with the coin ranking among the top 24-hour gainers in the market. While Binance has yet to offer spot trading for PONKE, the listing of the perpetual contract has generated excitement within the community.
This news follows last week’s similar spike in the meme coin Goateus Maximus, which also saw a price surge after its perpetual contract was listed on Binance. Additionally, discussions around token listing fees have resurfaced, with Coinbase CEO Brian Armstrong stating that his exchange charges $0 for listings. This was countered by Fantom co-founder Andre Cronje, who claimed Coinbase had requested significant fees, while Binance had not. Tron founder Justin Sun echoed Cronje's comments.
As the market continues to evolve, PONKE's listing on Binance adds to the growing visibility of meme coins, capturing the interest of traders and investors alike.
November 2024, Cryptoniteuae