- Binance launches the BAN/USDT perpetual contract, providing as much as 75x leverage to merchants.
- The transfer follows PNUT’s explosive 2,287% rise following its one-time itemizing on Binance.
- Merchants are questioning if BAN can replicate the success of PNUT within the early days of the futures market.
The worth of Comic token (BAN), a sizzling new coin on the Solana community, may see important development following a significant itemizing announcement from Binance, just like the rise of PNUT.
Binance introduced that it’s increasing its futures market with USDⓈ-margined BAN/USDT perpetual contracts. This enables merchants to make use of as much as 75x leverage when buying and selling BAN. This announcement follows the latest success of PNUT, one other meme coin, which noticed a outstanding rally following its spot itemizing on Binance final week.
The rise of the PNUT
Final week, Binance listed PNUT on its spot market, sparking an enormous bull run for the meme coin. When PNUT went dwell on Binance at $0.1047 on November 11, it soared to an all-time excessive of $2.50 three days later, a staggering 2,287% enhance.
Now, following its latest futures itemizing announcement, market contributors are questioning if the BAN token can replicate this success.
BAN Token Itemizing Particulars
The BANUSDT perpetual contract brings excessive leverage buying and selling alternatives to a wider viewers. Key options embody:
- Most leverage: 75x
- Settlement asset: USDT
- Capped financing price: ±2.00%
- Buying and selling hours: 24/7
Moreover, Binance's multi-asset mode permits customers to commerce utilizing collateral equivalent to BTC, offering extra flexibility for merchants. Whereas 75x leverage affords the potential for important income, it additionally will increase danger.
Binance mentioned it might alter contract specs, equivalent to leverage and margin necessities, based mostly on market situations. The trade additionally reminded customers {that a} itemizing on Binance Futures doesn’t assure a well timed itemizing.
Will BAN comply with the trail of PNUT?
Whereas PNUT has benefited from a spot itemizing on Binance, BAN's futures itemizing may additionally set off important value actions. Futures markets typically amplify volatility, particularly for meme cash, that are closely influenced by market sentiment.
Nevertheless, a futures quote differs from a spot quote, which can end in totally different market dynamics. Merchants took a wait-and-see strategy to see if BAN would comply with PNUT's lead. At press time, BAN is up 86% up to now 24 hours, buying and selling at $0.331.
Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version just isn’t liable for any losses arising from the usage of the content material, services or products talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
