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Binance announces listing and memecoin soars 50%
Binance announced today (15) that it will list Degen (DEGEN), a memecoin developed on Coinbase's layer 2 Base network. Following the announcement, the asset's price soared 50%, currently trading at US$ 0.29.
When listed, DEGEN will be the first Base memecoin on Binance. BeInCrypto analyzed what could happen to the cryptocurrency in the short term.
Binance to List Degen on Its Futures Market
According to Binance, DEGEN began trading at 8:30 AM ET today. The exchange also mentioned that its users will be able to trade the token with up to 75x leverage. Interestingly, Degen’s listing on Binance is part of a series of memecoins that have been listed by the exchange recently.
When listed, DEGEN will be the first Base memecoin on Binance. BeInCrypto analyzed what could happen to the cryptocurrency in the short term.
Binance to List Degen on Its Futures Market
According to Binance, DEGEN began trading at 8:30 AM ET today. The exchange also mentioned that its users will be able to trade the token with up to 75x leverage. Interestingly, Degen’s listing on Binance is part of a series of memecoins that have been listed by the exchange recently.
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