Important Binance Trading Update Concerning Peanut the Squirrel (PNUT) and Other Meme Coins.
This concerns Peanut the Squirrel ($PNUT ), 1MBABYDOGE ($1MBABYDOGE ), Eigenlayer ($EIGEN ), Reserve Rights (RSR), Movement (MOVE), and Magic Eden (ME).
The collateral ratios of the aforementioned tokens will be raised by 10% each. PNUT’s ratio will be increased from 35% to 45%, while all others will be lifted from 10% to 20%.
The collateral ratio represents the amount of assets required to secure a loan or maintain an open position. It is usually expressed as a percentage and compares the value of the collateral to the borrowed capital. A higher ratio provides greater assurance to the lender, increasing the chances of recovering funds even if the market heads south.
