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Binance Announced 75x For That Meme Coin: The Price Soared!

Binance, O Meme Coin İçin 75x Duyurusu Yaptı: Fiyat Uçtu!
Binance, O Meme Coin İçin 75x Duyurusu Yaptı: Fiyat Uçtu!
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Binance has taken a new step that will increase the interest in meme coin projects that are rapidly becoming popular in the crypto world. The exchange launched a futures contract that allows trading with a maximum leverage of 75x for an asset called Ponke (PONKE) on November 4, 2024. This new contract allows investors to access short-term earning opportunities. It also draws attention with its high leverage ratio.

Binance made an announcement for meme coin PONKE

Binance, the world’s largest cryptocurrency exchange, has taken a new step that will make meme coin investments more attractive. The exchange announced that it will launch futures contracts for a new crypto asset called Ponke (PONKE) on November 4, 2024 at 15:30 Turkey time (TSI). This new contract allows investors to trade with a maximum leverage of 75x, and Tether (USDT) will be used in the trading pair. Binance’s listing of PONKEUSDT futures creates an attractive opportunity, especially for investors looking for short-term earning opportunities.

The PONKEUSDT contract is among Binance’s USDⓈ-M Perpetual Contract options and offers investors high earning potential, especially in such assets that are sensitive to market fluctuations. However, while high leverage rates allow investors to increase their profit margins, they also carry high risks. Especially in transactions made using 75x leverage, investors are likely to experience large losses if prices suddenly fall. For this reason, Binance recommends investors to take risk management into account and states that leveraged transactions should be made with risk awareness.

What are the contract-specific funding rates?

According to Binance’s statement, users who will trade with the PONKEUSDT contract will encounter funding rates updated every four hours. Funding rates, which are initially expected to vary between a maximum of 2.00% and -2.00%, may be updated by the exchange according to market conditions. This situation may change according to market volatility, so it is very important for investors to follow the trading hours closely. In addition to the funding rates that change especially in 4-hour cycles, the minimum margin level that can be used in the transaction, the maximum leverage and the transaction limits are among the factors that Binance can adjust according to market conditions.

Sudden increase in PONKE price

Following Binance’s listing announcement, there was a rapid increase in the price of Ponke (PONKE). According to market data, the value of PONKE increased by 40 percent from $ 0.458 to $ 0.625. However, this increase quickly decreased with investors’ profit sales, and PONKE is trading at $ 0.52 at the time of writing. According to the data, it seems to have increased by 12 percent in the last 24 hours.

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Binance Announced 75x For That Meme Coin: The Price Soared!
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