The world's largest cryptocurrency exchange #Binance continues to make altcoin announcements without slowing down.
At this point, Binance announced that it will launch futures trading with 75x leverage for the altcoin called #PONKE .
"In order to expand the list of trading options offered on Binance Futures and improve the trading experience of users, Binance Futures has turned PONKE/ USDT into a permanent contract with up to 75x leverage as of 04.11.2024 at 12:30 (UTC)."
There was an increase in the price of PONKE following the news.
*Not investment advice.
#memecoins #PONKEUSDT #sol

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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PONKE price jumps 19% after Binance announces support with a futures listing and up to 75x leverage. What's next for this rising meme coin?
Solana meme coin Ponke (PONKE) saw its price soar by 19% following Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. Set to launch on November 4, 2024, this contract offers users up to 75x leverage, signaling increased opportunities for traders and heightened optimism among PONKE supporters.
PONKE Price Rockets Amid Major Binance Support
According to Binance’s official announcement, the PONKEUSDT perpetual contract will go live on November 4 at 12:30 UTC, providing traders with 75x leverage and 24/7 trading. Key features include a tick size of 0.00001 and a capped funding rate of ±2.00%, with funding fees settled every four hours. Binance’s Multi-Assets Mode further allows users to utilize BTC as collateral, offering flexibility in margin trading. However, the exchange may adjust contract specifications, such as funding fees, leverage, and tick size, based on evolving market conditions, ensuring the asset aligns with market risk levels.
Source: Binance Futures x account
PONKE, built on Solana, benefits from the blockchain’s high-speed and low-cost transactions, catering to online traders and gaming enthusiasts. The coin’s community-driven design, distinct tokenomics, and accessibility through major exchanges contribute to its market appeal. Its #ponkyarmy community is particularly active, with governance roles and a dedicated social media presence that drive further engagement and growth.Will The Rally Sustain?
Source: Trading View
Following the Binance listing news, PONKE’s price surged by 19%, currently trading at $0.49, with a 24-hour low of $0.43 and a high of $0.56. Its trading volume climbed to $77 million in the last 24 hours, indicating heightened interest. PONKE, with a market cap of $274 million, continues to capture the attention of meme coin enthusiasts. Besides, recent Coinglass data also highlights increased open interest for PONKE, signaling optimism for further gains
Launched in late 2023 with a total supply of 555 million tokens, PONKE has already achieved an all-time high of $0.70 four months ago. Its deflationary burn mechanism and community-driven features have positioned PONKE uniquely within the Solana ecosystem, drawing both meme coin fans and investors seeking growth in Solana-based assets.

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#PONKEUSDT #PONKE #PONKE #USElections2024Countdown #TetherAEDLaunch