Binance has created the "Binance effect" by supporting new tokens, leading to a strong price increase. Recently, the meme coin Ponke (PONKE) on the Solana platform surged over 15% after Binance launched the perpetual contract PONKE/USDT, allowing leverage of up to 75x. 🚀

Perpetual contracts allow traders to bet on price fluctuations without directly owning the asset, providing significant profit potential but also carrying high risks. Conversely, Binance's delisting of tokens can lead to sharp price declines, as seen with KP3R, OOKI, and UNFI, which dropped over 40% after the delisting announcement.