The post New VINE meme coin coming to Binance Futures on Jan. 24 appeared on BitcoinEthereumNews.com.

VINE, the Solana-based meme coin launched by VINE co-founder Rus Yusupov, is coming to Binance Futures as a USDT-based perpetual contract. In a recent notice, Binance Futures announced that it will be adding the Vine coin and pippin on USDT (USDT)-based perpetual contracts starting Jan. 24, 2025 at 10:00 UTC for VINE and 10:15 UTC for pippin. Binance Futures is offering maximum leverage of up to 25x for both USDT-margined contracts. The maximum funding rate for VINEUSDT and PIPPINUSDT perpetual contracts at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours. Moreover, Binance will provide multi-asset trading support for both perpetual tokens. Unlike most meme coins that experience a surge after Binance perpetual contract announcements, VINE and PIPPIN seem to have gone down in value. Having only launched two days ago, the VINE coin has gone down by 11.5% in the past 24 hours and 18.4% in the past hour. Minutes after the Binance Futures announcement was released, its price went up to $0.26 before dropping to $0.22. VINE is currently trading hands at $0.21. The meme coin inspired by the now-discontinued social media app has reached a market cap of $217 million. However, its 24-hour trading volume managed to surpass $1.6 billion in just a short time. Price chart for VINE in the past 24 hours of trading, January 24, 2025 | Source: CoinGecko PIPPIN fared a little better than VINE, increasing by nearly 9% in the past hour after the Binance Futures announcement. Though, the token’s value has been slipping by 7.6% in the past 24 hours. Launched in November 2024, pippin’s market cap stands at $144 million with a 24-hour trading volume of $88 million. VINE coin triggered by rumored VINE revival The VINE meme coin was launched on Jan.…

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Filed under: News - @ January 24, 2025 11:16 am