The world's leading exchange will update the collateral rates for many altcoins starting December 17, including Peanut the Squirrel (PNUT). The collateral rate for PNUT will increase from 35% to 45%, while other coins like 1MBABYDOGE, EIGEN, RSR, MOVE, and ME will increase from 10% to 20%.

PNUT, the meme coin inspired by Peanut the Squirrel, has gained significant attention after being listed on Binance, especially with support from Elon Musk. Higher collateral rates help protect investors in case of market volatility. 📈

Users need to keep a close watch to avoid liquidation risks.