The price of the meme coin PONKE surged by 10% thanks to Binance Futures.
Binance

PONKE’s Growth Following the Contract Listing

PONKE, a meme coin based on the Solana blockchain, has seen significant community interest amid the recent market recovery. After Binance’s announcement, the price of PONKE rose by more than 10%. At the start of the week, PONKE was trading around $0.46, but news of the contract listing p

A similar price increase was observed last week with the meme coin Goateus Maximus after Binance added a perpetual contract for the GOAT token.

PONKE’s 10% Rise Among Meme Coin Gains

PONKE’s price increase comes as most cryptocurrencies rebounded after the weekend’s dip. According to data from CoinMarketCap, PONKE was among the top 24-hour gainers within the top 500 cryptocurrencies by market capitalization. Other notable gainers included the politiFi tokens MAGA and TRUMP, which surged as polls showed Donald Trump leading Kamala Harris in the presidential race.

Binance has not yet introduced spot trading for PONKE, but the community is excited about the increased visibility and traction brought by the perpetual contract.

Debate Over Token Listings on Binance and Coinbase

This listing happens amid social media discussions regarding Binance and Coinbase’s approach to token listings.
Coinbase CEO Brian Armstrong commented on X that Coinbase does not charge any fees for listing tokens. This was in response to claims that Binance had demanded millions of dollars to list high-level projects.

However, Fantom co-founder Andre Cronje disputed Armstrong’s claim, stating that it was actually Coinbase that requested million-dollar fees, while Binance did not. Cronje’s statement was also supported by Tron founder Justin Sun.

Meanwhile, Binance co-founder Yi He addressed the matter on X, seeking to dispel FUD (fear, uncertainty, and doubt) and clarify the exchange’s policy on token listings.

#Debate2024 , #Memecoins🤑🤑 , #Solana_Blockchain , #PONKE , #MemeCommunity

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