Popcat, SUN Tokens See Dramatic Price Spikes After Binance Futures Listings
- WBOYOriginal
- 2024-08-23 15:43:10240browse
Popcat, a meme coin on the Solana blockchain, saw a dramatic price spike of more than 35% on August 23, reaching $0.60.
Meme coin Popcat (POPCAT) on the Solana (SOL) blockchain enjoyed a dramatic price surge of over 35% on August 23, reaching highs of $0.60. This impressive rally follows the listing of a perpetual contract for POPCAT on Binance Futures, which provides traders with up to 75x leverage.
The Binance listing of the USD-Margined Popcat perpetual contract significantly boosts the trading options available on Binance Futures, enhancing the overall crypto trading experience. The POPCATUSDT perps went live at 13:00 UTC on August 22, 2024.
This news comes amidst a series of meme coin listings on the platform, notably including Brett, Voxel, and Synapse tokens, which have also seen substantial price increases.
A Major Whale Purchase Contributes to Popcat’s Price Surge
A large transaction, involving the movement of over 39,800 SOL (valued at more than $5.7 million) from Binance, was used to purchase 10 million POPCAT tokens, according to data from Lookonchain. This significant purchase played a key role in driving the dramatic increase in Popcat’s price, which surged from $0.43 to reach a high of $0.60.
SUN Token Surges by 60% Following Binance Futures Listing
In related news, the SUN token (SUN) on the TRON (TRX) platform also experienced impressive gains, surging by 60% in 24 hours after Binance Futures listed the SUNUSDT perpetual contract with up to 75x leverage.
This surge comes hot on the heels of SunPump's remarkable success. The new meme coin launch outperformed Solana's Pump.fun in daily revenue, propelling TRON's revenue to all-time highs.
Binance Listings Continue to Drive Token Price Surges
Binance's recent listings have sparked notable price increases in several tokens, including Brett, Voxel, and Synapse. These listings are having a significant impact on the crypto market, driving up the prices of the featured tokens substantially.
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