**Binance Effect: PONKE Soars, Cats Go Wild! ๐Ÿฑ**

- In the calm crypto world before the US election, PONKE, a Solana-based meme coin, suddenly surged 15% after Binance launched a PONKE/USDT perpetual contract with up to 75x leverage. Who needs coffee when there's PONKE?

- This perpetual contract allows traders to bet on price movements without having to own the asset. But be careful, the high risk can make your wallet cry!

- Support from Binance often makes token prices go up. Remember last month when CAT, a meme coin from the animated series, jumped 65%? It was all thanks to Binance!

- However, delisting can also cause tokens to fall freely. As happened to KP3R, OOKI, and UNFI which plunged more than 40% after the delisting announcement.

What do you think about this Binance effect? โ€‹โ€‹Let's discuss in the comments column!