The world's largest cryptocurrency exchange Binance expanded support for margin trading on Monday, adding three new USDC pairs. These new meme coin pairs, ACT I: AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO), are now available for cross margin and isolated margin trading on the platform.
Binance Margin adds ACT, NEIRO, and PNUT trading pairs
According to Binance's official announcement on November 18, Binance Margin has added three USDC trading pairs—ACT I: AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO). These trading pairs are now available for both cross margin trading and isolated margin trading, providing users with more leverage options.
New trading pairs include:
Cross margin trading pairs: ACT/USDC, NEIRO/USDC, PNUT/USDC
Isolated margin trading pairs: ACT/USDC, NEIRO/USDC, PNUT/USDC
Previously, Binance listed ACT, NEIRO, and PNUT on the spot market for the first time on November 15. This move comes as ACT's price surged by 100%, PNUT skyrocketed by 330% within a week, while NEIRO saw a slight decline of 12%. These newly added features are expected to attract more traders to Binance margin trading and spark interest in meme coin trading.
Will the prices of ACT, NEIRO, and PNUT explode amid the meme coin frenzy?
As top meme coins continue to dominate the cryptocurrency market, the addition of ACT, NEIRO, and PNUT tokens to the Binance margin trading platform may lead to significant price volatility. With the recent surge in popularity of meme coins, these tokens have caught the attention of both retail and institutional traders.
ACT is currently trading at $0.6326, up 2% in the last 24 hours. The daily price range for the token is between $0.6142 and $0.6909. Over the past month, ACT has experienced an impressive surge of 2,200%, making it one of the standout meme tokens. ACT's 24-hour trading volume is $372 million, proving to be a popular asset among traders seeking high volatility and potential short-term gains.
NEIRO is currently trading at $0.002117, up 1.5% in the last 24 hours. The daily high and low prices range between $0.002042 and $0.002281. Over the past month, NEIRO has increased by 7.6%, showing a more stable growth trajectory compared to other meme tokens. NEIRO's 24-hour trading volume is $629 million, and although its growth rate is more moderate than other meme tokens, its interest has remained steady.
Peanut the Squirrel is currently priced at $1.67, up 4% in the last 24 hours. Over the past month, the token has skyrocketed an astonishing 3,000%, showing significant speculative interest. Its daily price fluctuates between $1.511 and $1.934, with a 24-hour trading volume reaching $1.63 billion. PNUT has attracted traders looking to capitalize on its extreme price volatility.