Binance, the world’s largest cryptocurrency exchange, has officially announced the listing of the Sui-based meme coin, HIPPO (ticker: $HIPPO), on its futures market. Following the announcement, HIPPO’s price experienced an impressive surge of 90%, climbing to $0.022 from its previous price of $0.012.
A New Addition to Binance’s Meme Coin Portfolio
The addition of HIPPO to Binance’s platform marks the latest in a series of meme coin listings. As the exchange continues to expand its offerings in this sector, the question arises regarding the sustainability of HIPPO's recent price surge.
Binance Confirms HIPPO Listing
Binance confirmed that HIPPO would be listed on November 13, 2024, at 12:30 UTC, with trading set to begin shortly thereafter. Prior to the announcement, HIPPO had been trading at approximately $0.012.
Surge in Trading Volume and Price
Following the listing news, HIPPO saw a massive spike in both trading volume and price. Trading volume surged to $100 million, driving the price of the Sui-based meme coin up by 90%, now trading at $0.022. This rapid increase highlights the strong market interest in HIPPO following its Binance listing.
