Binance, the world-leading cryptocurrency exchange, continues to be proactive in introducing new altcoin options.
The most recent addition is Ponke (PONKE), a meme coin that utilizes the Solana blockchain and features a character portrayed as a “degenerate gambler with anger issues.”
In an exhilarating development, Binance has disclosed the forthcoming introduction of futures trading for PONKE, permitting a remarkable leverage of up to 75x. The exchange declared, “In order to diversify our trading options on Binance Futures and enhance the user experience, we will launch the PONKE/USDT Perpetual Contract with up to 75x leverage, effective from 2024-11-04 at 12:30 PM (UTC).”
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Memecoins are extraordinarily volatile, particularly those with small-market capitalizations, and their investment carries significant risks. When trading these coins with leverage, one can lose all their holdings in a blink of an eye.
This article does not constitute investment advice and should not be regarded as such. As we have pointed out, memecoins can be profitable but are highly risky endeavors. Therefore, everyone should conduct their own research prior to making any decisions.
