A memecoin built on the Solana (SOL) blockchain has earned support from Binance, the world’s largest crypto exchange platform by trading volume.

In a new announcement, Binance says it’s adding futures contracts for the monkey-themed PONKE (PONKE) on Monday.

Says Binance,

“To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the PONKEUSDT Perpetual Contract at 2024-11-04 12:30 (UTC) with up to 75x leverage.”

PONKE is also listed on several crypto 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 where holders can engage with other holders and the team directly. It’s a platform where you can swap, earn, and flex your PONKE tokens.

PONKE started as a meme but evolved into a strong community on Solana. PonkeSwap extends that spirit into decentralized finance (DeFi), making it easier and more rewarding for PONKE holders to trade, stake, and engage with each other. PonkeSwap isn’t just a DEX; it’s where our memecoin roots meet real utility and community-driven rewards.”

PONKE is trading for $0.4398 at 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 the memecoin is the 243rd largest crypto project.

The memecoin launched in 2023 with a total token supply of 555,555,555.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Solana-Based Memecoin That’s Up 4,641% This Year Earns Sudden Support From Binance appeared first on The Daily Hodl.

A memecoin built on the Solana (SOL) blockchain has earned support from Binance, the world’s largest crypto exchange platform by trading volume.

In a new announcement, Binance says it’s adding futures contracts for the monkey-themed PONKE (PONKE) on Monday.

Says Binance,

“To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the PONKEUSDT Perpetual Contract at 2024-11-04 12:30 (UTC) with up to 75x leverage.”

PONKE is also listed on several crypto 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 where holders can engage with other holders and the team directly. It’s a platform where you can swap, earn, and flex your PONKE tokens.

PONKE started as a meme but evolved into a strong community on Solana. PonkeSwap extends that spirit into decentralized finance (DeFi), making it easier and more rewarding for PONKE holders to trade, stake, and engage with each other. PonkeSwap isn’t just a DEX; it’s where our memecoin roots meet real utility and community-driven rewards.”

PONKE is trading for $0.4398 at 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 the memecoin is the 243rd largest crypto project.

The memecoin launched in 2023 with a total token supply of 555,555,555.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Solana-Based Memecoin That’s Up 4,641% This Year Earns Sudden Support From Binance appeared first on The Daily Hodl.