Will BAN Mimic PNUT’s Success After Binance Listing?
The post Will BAN Mimic PNUT’s Success After Binance Listing? appeared on BitcoinEthereumNews.com.
Binance launches the BAN/USDT perpetual contract, offering up to 75x leverage for traders. The move follows PNUT’s explosive 2,287% surge after its spot listing on Binance. Traders speculate whether BAN can replicate PNUT’s success amid the futures market debut. The price of the Comedian (BAN) token, a fresh, trendy meme coin on the Solana network, could see significant growth following a major listing announcement from Binance, similar to the rise of PNUT. Binance announced it is expanding its futures market with USDⓈ-Margined BAN/USDT Perpetual Contracts. This allows traders to use up to 75x leverage when trading BAN. This announcement follows the recent success of PNUT, another meme coin, which experienced a remarkable rally after its spot listing on Binance last week. PNUT’s Surge Last week, Binance listed PNUT on its spot market, triggering a massive bull run for the meme coin. When PNUT went live on Binance at $0.1047 on November 11, it skyrocketed to an all-time high of $2.50 just three days later—a staggering 2,287% increase. Now, following its recent futures listing announcement, market participants are wondering whether the BAN token can replicate this success. BAN Token Listing Details The BANUSDT perpetual contract brings high-leverage trading opportunities to a broader audience. Key features include: Maximum Leverage: 75x Settlement Asset: USDT Capped Funding Rate: ±2.00% Trading Hours: 24/7 Additionally, Binance’s Multi-Assets Mode allows users to trade using collateral such as BTC, offering more flexibility for traders. While the 75x leverage offers the potential for significant profits, it also increases risk. Binance has stated that it may adjust the contract specifications, such as leverage and margin requirements, depending on market conditions. The exchange also reminded users that a listing on Binance Futures does not guarantee a spot listing. Will BAN Follow PNUT’s Path? While PNUT benefited from a spot listing on…
Filed under: News - @ November 18, 2024 5:25 pm