SUN Token and POPCAT Prices Fly Along with Listing on Binance Futures

Bittime - Binance Futures has just introduced two new perpetual contracts that use USD fiat currency as margin, namely Popcat (POPCAT) and SunToken (SUN). 

This listing news also increased the prices of these two tokens. According to data from Coingecko, POPCAT rose 27%, while SUN rose 29%. Check out the review!

Binance Futures Listing POPCAT dan SUN

According to a press statement from Binance Futures, new perpetual contracts for POPCAT USDT and SUN USDT will launch on August 22, 2024. They will launch at 13:00 and 13:05 UTC. 

This initiative reflects Binance Futures' ongoing efforts to respond to user demand for innovative and diverse trading products.

The underlying assets for these contracts are Popcat and SunToken, with USDT as the settlement asset. Both contracts enable 24/7 trading, providing uninterrupted access for traders worldwide.

Read also: Can SunPump Compete with Meme Coin Solana?

Technical Specifications

Additionally, both contracts will have a tick size precision of 0.0001 for POPCAT USDT and 0.000001 for SUN USDT. Furthermore, a capped funding rate of +2.00% / -2.00% is set to balance periodic payouts between long and short positions every four hours.

Furthermore, Binance Futures ensures that risk management policies are implemented, with possible adjustments to contract specifications based on market risk conditions. 

These adjustments may involve funding costs, tick size, maximum leverage, initial margin, and maintenance margin requirements.

Read also: What is the Telegram Game PocketyQuest, Similar to Pokemon?

Traders on Binance can also use Multi-Asset Mode, which allows multiple cryptocurrencies to be used as margin for trading. 

This mode supports flexibility in managing trading funds, reducing traders' margin requirements.

Soon after Binance launched the POPCAT perpetual contract, lookonchain noted that a whale withdrew 39,816 SOL ($5.73 million) from Binance to buy 10 million POPCAT tokens. This shows strong confidence and a positive market response.

Following the update, Solana-based meme token Popcat saw a 24-hour rally with a price increase of 27%, reaching $0.5962. 

Additionally, trading volume saw a huge spike of 119.07%, reaching $135,154. SUN also jumped by 31.6%, pushing its price to $0.0232.

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You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.