- PONKE price rose 10% following the Binance Futures listing.
- Binance recently listed perpetual contracts for several meme coins, including GOAT.
Binance announced the listing of the PONKEUSDT perpetual contract, offering traders up to 75x leverage starting November 4 at 12:30 UTC.
PONKE, a meme coin on Solana that has attracted renewed community interest amid the market recovery, surged more than 10% after the announcement.
The PONKE price traded near $0.46 Monday morning before moving sharply to nearly $0.55 as traders reacted to the Binance Futures news.
Last week, the price of the meme coin Goateus Maximus also rose after Binance added a perpetual contract for GOAT.
PONKE price jumps 10%
PONKE’s gains come as many cryptocurrencies attempt to rebound following a pullback over the weekend. According to CoinMarketCap data, PONKE was among the top 24-hour gainers in the top 500 by market capitalization.
Political-themed tokens such as MAGA and TRUMP recorded some of the largest gains as polls suggested Donald Trump leading Kamala Harris in the race for the White House.
Binance has not announced spot trading support for PONKE, but the community welcomed the increased visibility and traction the perpetual contract listing brings. The development also comes amid social media discussions about token listings on Binance and Coinbase.
In a post on X, Coinbase CEO Brian Armstrong noted that the U.S. exchange charges $0 for token symbol listings.
Armstrong’s comment was a response to another post claiming Binance had demanded millions of dollars to list a top project.
However, Fantom co-founder Andre Cronje disputed Armstrong’s claims, stating that Coinbase requested a multi-million-dollar listing fee while Binance did not. Tron founder Justin Sun also supported Cronje’s account.
Binance charged us $0.
Coinbase required us to pay 500 million TRX (worth $80 million) and demanded a $250 million BTC deposit in Coinbase Custody to boost their performance.
Lots of respect. But this is simply not true. https://t.co/faEgtGLLhW
— H.E. Justin Sun🌞(hiring) (@justinsuntron) November 4, 2024
Meanwhile, Binance co-founder Yi He took to X to address FUD and clarify the exchange’s listing policy.