PONKE Price Skyrockets 19% On Binance Support, What’s Next?


The Solana meme coin Ponke (PONKE) noticed its worth soar by 19% following Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. Set to launch on November 4, 2024, this contract presents customers as much as 75x leverage, signaling elevated alternatives for merchants and heightened optimism amongst PONKE supporters.

PONKE Worth Rockets Amid Main Binance Help

In line with Binance’s official announcement, the PONKEUSDT perpetual contract will go stay on November 4 at 12:30 UTC, offering merchants with 75x leverage and 24/7 buying and selling. Key options embody a tick measurement of 0.00001 and a capped funding fee of ±2.00%, with funding charges settled each 4 hours. Binance’s Multi-Property Mode additional permits customers to make the most of BTC as collateral, providing flexibility in margin buying and selling. Nonetheless, the alternate might alter contract specs, akin to funding charges, leverage, and tick measurement, based mostly on evolving market circumstances, guaranteeing the asset aligns with market threat ranges.

PONKE, constructed on Solana, advantages from the blockchain’s high-speed and low-cost transactions, catering to on-line merchants and gaming fans. The coin’s community-driven design, distinct tokenomics, and accessibility by means of main exchanges contribute to its market enchantment. Its #ponkyarmy group is especially energetic, with governance roles and a devoted social media presence that drive additional engagement and progress.

Will The Rally Maintain?

Following the Binance itemizing information, PONKE’s worth surged by 19%, at present buying and selling at $0.49, with a 24-hour low of $0.43 and a excessive of $0.56. Its buying and selling quantity climbed to $77 million within the final 24 hours, indicating heightened curiosity. PONKE, with a market cap of $274 million, continues to seize the eye of meme coin fans. In addition to, latest Coinglass data additionally highlights elevated open curiosity for PONKE, signaling optimism for additional positive aspects.

PONKE Price Skyrockets 19% On Binance Support, What's Next?

Launched in late 2023 with a complete provide of 555 million tokens, PONKE has already achieved an all-time excessive of $0.70 4 months in the past. Its deflationary burn mechanism and community-driven options have positioned PONKE uniquely throughout the Solana ecosystem, drawing each meme coin followers and traders searching for progress in Solana-based assets.

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