The Solana meme coin Moo Deng (MOODENG), impressed by the viral child hippo from Thailand, has garnered notable consideration amongst merchants and traders throughout the crypto market. On Friday, MOODENG value shot up almost 90% as Binance enhanced commerce choices for the token. Notably, the crypto change is launching a USD-Margined perpetual contract for the Solana meme coin, driving market optimism.
MOODENG Luggage Futures Itemizing Sparking Optimism On Worth
In line with an official Binance announcement on October 25, the crypto change is launching the MOODENGUSDT USD-Margined perpetual contract at this time at 10:00 UTC. As per the announcement, customers on the platform can take pleasure in as much as 75x leverage buying and selling the asset.
Additional, the underlying asset stays Moo Deng, the Solana-based meme coin. Furthermore, the capped funding fee set by the change was at +2.00% / -2.00%. Additionally, the tick measurement for the perpetual contract was set at 0.00001. The announcement rolled out the contract handle for verification as ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.
Nonetheless, as typical, the itemizing announcement by the leading crypto exchange clarified that the perpetual contract stays poised to face potential modifications forward based mostly on market danger situations. The perpetual contract could witness potential changes to the funding price, tick measurement, most leverage, preliminary margin, and upkeep margin necessities over the approaching days. Nonetheless, the announcement echoed optimism for MOODENG throughout the business, as seen by the coin’s newest value motion.
Solana Meme Coin’s Worth Soars 100%
Notably, the announcement reverberated optimism for the Solana meme coin throughout the broader market, as seen by its phenomenal intraday good points. MOODENG value gained almost 100% over the previous day and is presently buying and selling at $0.1388. Its intraday high and low have been recorded as $0.06547 and $0.1404, respectively. The coin continues to pump towards the backdrop of a 141% surge within the intraday buying and selling quantity, indicating that the market reacted positively to the futures itemizing.
Concurrently, Coinglass information indicated that Moo Deng futures OI soared 173% to $57.47 million at this time. Additionally, the derivatives quantity skyrocketed 234% to $327.77 million. This information underlined heightened investor curiosity within the asset, hinting that the coin is on an uptrend at this time. Crypto market fans proceed to extensively eye the token for additional good points because the itemizing paves the trail for cash influx into the asset.
In the meantime, it’s noteworthy that the crypto change additionally added Goatseus Maximus perpetual contract to its stockpile of choices, urging a pump in GOAT value. Total, Binance’s listings seem to have a optimistic affect on a crypto’s value.
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