The cryptocurrency market entered consolidation mode after the last rally. For this reason, a stagnation prevails in the market, including the leading crypto Bitcoin. However, some tokens continue to take flight with the good news they receive. The giant crypto exchange Binance announced that it will add a recently popular meme coin to its list in the futures market. With the effect of this news, the token doubled its price in an instant.
Binance will launch MOODENG perpetual contracts, meme coin flew!
As you follow from Kriptokoin.com, the market is moving towards the end of the week with a calm course. The leading crypto Bitcoin continues to show strength above $ 67,000. However, a mixed outlook prevails in the altcoin market. However, there are always exceptions. Today, a meme coin that Binance announced that it would list in the futures market was an exception. Binance, the world’s largest cryptocurrency exchange, announced that it will launch the U-based MOODENG perpetual contract with a maximum leverage of 75 times on 25 October 2024 at 13:00 TSI. In this context, the exchange made the following statement:
Dear Binance, Binance Futures will launch the MOODENGUSDT Perpetual Contract with up to 75x leverage on 25.10.2024 at 13:00 on 25.10.2024 at 13:00 TSI to expand the list of trading options offered on Binance Futures and improve the trading experience of users.
With the Binance list news, the meme coin price made a vertical ascent. MOODENG price suddenly jumped from $ 0.070 to $ 0.16 during the day. The token was continuing its flight at the time of writing. At press time, MOODENG was changing hands at $ 0.1578, up 140% on a daily basis. Meanwhile, the token’s trading volume also increased by an extraordinary 157 per cent. This shows the interest of investors and traders in the token.
CEO’s assessment of Tigran Gambaryan
Binance CEO Richard Teng expressed his relief and gratitude for Tigran Gambaryan’s release. Teng also thanked Gambaryan for his spirit during his arrest. In this context, he stated that he had experienced a lot of stress and hardship. ‘We are relieved and thankful that Tigran Gambaryan is finally free,’ Teng said. The Binance CEO said that Gambaryan’s health is a priority. He also expressed gratitude that he was able to receive the necessary medical care.
Richard Teng also pointed to the company’s compliance and transparency efforts. In this regard, he emphasised the desire of the exchanges to engage with global regulators. Despite the legal issues in Nigeria, Richard Teng noted that Binance continues to be bullish about the future of Blockchain, especially in Nigeria, which has shown interest in digital finance.
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