Solana-based Memecoin that’s up 4,641% this year suddenly gets support from Binance

A memecoin constructed on the Solana (SOL) blockchain has obtained assist from Binance, the world’s largest crypto alternate platform by buying and selling quantity.

In a brand new announcement, Binance say it provides futures contracts for the monkey-themed PONKE (PONKE) on Monday.

Says Binance,

“To develop the record of buying and selling decisions provided on Binance Futures and enhance customers’ buying and selling expertise, Binance Futures will launch the PONKEUSDT Perpetual Contract on 2024-11-04 12:30 (UTC) with as much as 75x leverage.”

PONKE can also be listed on a number of crypto exchanges, together with Bybit, Kraken, KuCoin, Crypto.com and Revolut.

Final month the mission announced the launch of a decentralized alternate (DEX) referred to as PonkeSwap.

“Constructing on PONKE’s memecoin tradition, PonkeSwap presents low-fee token swaps, staking rewards and Membership Ponke the place holders can work together straight with different holders and the staff. It’s a platform the place you’ll be able to alternate, earn and flex your PONKE tokens.

PONKE began as a meme, however advanced into a robust group on Solana. PonkeSwap extends that spirit to decentralized finance (DeFi), making it simpler and extra rewarding for PONKE holders to commerce, stake, and work together with one another. PonkeSwap is not only a DEX; it is the place our memecoin roots meet actual usability and community-driven rewards.”

PONKE is buying and selling at $0.4398 on the time of writing, up 4641.4% from its all-time low of $0.00928 on January 3. With a market capitalization of $242.2 million, the memecoin is the 243rd largest crypto mission.

The memecoin was launched in 2023 with a complete token provide of 555,555,555.

Do not miss a beat – Subscribe to obtain electronic mail alerts straight to your inbox

Examine value motion

Comply with us additional X, Facebook And Telegram

Surf to the Day by day Hodl combine

Generated picture: Midjourney