Binance, the world’s foremost cryptocurrency exchange, continues to expand its array of altcoin offerings. The most recent addition is Ponke (PONKE), a meme coin rooted in the Solana blockchain, showcasing a character epitomized as a “degenerate gambler with anger issues.” In a notable development, Binance has heralded the forthcoming initiation of futures trading for PONKE, facilitating an impressive leverage capability of up to 75x. The exchange elucidated, “In order to diversify our trading propositions on Binance Futures and augment user experience, we are set to launch the PONKE/USDT Perpetual Contract with up to 75x leverage, commencing from 2024-11-04 at 12:30 PM (UTC).”
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Binance Faces Accusations of Requiring Token Fees for Listings, Co-Founder Refutes Claims Memecoins, marked by their extreme volatility, particularly those with small market capitalizations, present substantial risks for investors. Engaging in leverage trading with these coins could lead to the total loss of one’s investment in a brief timeframe. This article does not constitute investment advice and should not be interpreted as such. Given the potentially lucrative but highly hazardous nature of memecoins, individuals are advised to conduct thorough research prior to making any investment decisions.
