 on its Futures platform, leading to a 100% price surge. The new perpetual futures contract offers 75x leverage, attracting high market interest and liquidity.){kind=link}
In a recent turn of events in the cryptocurrency market, Moo Deng (MOODENG) has experienced an explosive surge of over 100% in value following Binance’s announcement of its addition to the Futures trading platform.
Binance Listing Announcement
The token, which will be available for perpetual futures trading starting October 25, 2024, at 10:00 UTC, saw its price skyrocket to $0.1375 within minutes of the announcement.
This remarkable price action, accompanied by a substantial 24-hour trading volume of $179,101,742, showcases the significant market impact of Binance’s platform integration decisions.
The listing, which will offer traders leverage of up to 75x, represents a major milestone for the MOODENG project, catapulting its market capitalization to $134,594,258 with a circulating supply of 990 Million tokens.
Market Performance and Trading Details
The announcement has triggered a remarkable surge in MOODENG’s market performance. The token’s price experienced a dramatic 100.05% increase within 24 hours, reaching $0.1375. Trading volume surged to an impressive $179,101,742, demonstrating strong market interest and liquidity.
The token’s market capitalization stands at $134,594,258, supported by a circulating supply of 990 Million MOODENG, with a notable 37.30% price appreciation over the past week.
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Technical Specifications and Trading Parameters
The MOODENGUSDT Perpetual Contract comes with carefully structured trading parameters. The contract features a tick size of 0.00001 and operates with a capped funding rate of +2.00% / -2.00%.
Traders will benefit from four-hour funding fee settlement intervals, ensuring regular rebalancing of positions. The contract supports Multi-Assets Mode and maintains 24/7 trading availability, with USDT serving as the settlement asset.
Contract Implementation and Funding Schedule
The implementation includes a detailed funding rate schedule for the first 24 hours of trading. The maximum funding rate is maintained at +2.00% / -2.00% across four key intervals: 12:00 UTC, 16:00 UTC, 20:00 UTC on October 25, and 00:00 UTC on October 26.
The contract’s underlying asset is verified through the official contract address, providing traders with essential verification capabilities and security assurance.