Memecoin, built on the Solana (SOL) blockchain, has received support from Binance, the world’s largest cryptocurrency exchange platform by trading volume.
In a new announcement, Binance said Monday that it is adding a futures contract for the monkey-themed PONKE (PONKE).
Binance says:
“To expand the trading selection available on Binance Futures and improve the trading experience for users, Binance Futures will launch the PONKEUSDT perpetual contract with up to 75x leverage on 2024-11-04 12:30 (UTC). no see.”
PONKE is also listed on several cryptocurrency exchanges, including Bybit, Kraken, KuCoin, Crypto.com, and Revolut.
Last month, the project announced the launch of a decentralized exchange (DEX) called PonkeSwap.
“Building on PONKE’s memecoin culture, PonkeSwap offers low-fee token swaps, staking rewards, and Club Ponke, which allows holders to communicate directly with other holders and teams. A platform where you can exchange, earn, and use PONKE tokens.
PONKE started as a meme but has grown into a strong community on Solana. PonkeSwap extends this ethos to decentralized finance (DeFi), making it easier and more rewarding for PONKE holders to trade, stake, and participate with each other. PonkeSwap is not just a DEX. “It’s where our memecoin roots meet real-world utility and community-driven rewards.”
PONKE is trading at $0.4398 at the time of writing, up 4641.4% from its all-time low of $0.00928 on January 3rd. With a market cap of $242.2 million, memecoin is the 243rd largest cryptocurrency project.
Memecoin was launched in 2023 and has a total token supply of 555,555,555.
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