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A memecoin constructed on the Solana (SOL) blockchain has earned assist from Binance, the world’s largest crypto change platform by buying and selling quantity.
In a brand new announcement, Binance says it’s including futures contracts for the monkey-themed PONKE (PONKE) on Monday.
Says Binance,
“To develop the checklist of buying and selling decisions provided on Binance Futures and improve customers’ buying and selling expertise, Binance Futures will launch the PONKEUSDT Perpetual Contract at 2024-11-04 12:30 (UTC) with as much as 75x leverage.”
PONKE can be listed on a number of crypto exchanges, together with Bybit, Kraken, KuCoin, Crypto.com and Revolut.
Final month, the undertaking announced the launch of a decentralized change (DEX) known as PonkeSwap.
“Constructing on PONKE’s memecoin tradition, PonkeSwap gives low-fee token swaps, staking rewards, and Membership Ponke the place holders can interact with different holders and the group straight. It’s a platform the place you may swap, earn, and flex your PONKE tokens.
PONKE began as a meme however developed into a powerful neighborhood on Solana. PonkeSwap extends that spirit into decentralized finance (DeFi), making it simpler and extra rewarding for PONKE holders to commerce, stake, and have interaction with one another. PonkeSwap isn’t only a DEX; it’s the place our memecoin roots meet actual utility and community-driven rewards.”
PONKE is buying and selling for $0.4398 at time of writing, up 4641.4% from its all-time low of $0.00928 on January third. With a market cap of $242.2 million the memecoin is the 243rd largest crypto undertaking.
The memecoin launched in 2023 with a complete token provide of 555,555,555.
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