In a significant move, leading cryptocurrency exchange Binance has announced the upcoming listing of Thena (THE) token on its platform.
According to the official announcement, Binance will list THE at 10:00 (UTC) on November 27, 2024, and open trading pairs for THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY.
This highly anticipated listing is expected to provide increased exposure and trading opportunities for the Thena token within Binance’s vast user base.
Binance’s Thena (THE) HODLer Airdrops Promotion
Concurrent with the Thena listing, Binance will launch the “HODLerAirdrops” event, which aims to reward loyal users of the platform.
Users who subscribe to BNB through Binance’s SimpleEarnFlexible or Locked products during the period from 00:00 on November 6, 2024, to 23:59 on November 13 (UTC) will be eligible to receive Thena (THE) token airdrops.
The HODLerAirdrops page is expected to go live within 12 hours, and the new tokens will be distributed to users’ spot wallets 1 hour before trading commences.
Thena (THE) Price Surge
The announcement of the Thena (THE) listing and HODLer Airdrops promotion has already had a significant impact on the token’s price.
In the last 24 hours, the price of Thena (THE) has surged by an impressive 373.83%, currently trading at $1.02.
Over the past 7 days, the price increase has been even more substantial, reaching 486.56%.
With a circulating supply of 55 million THE, the token’s market capitalization stands at $54,107,016, reflecting the strong investor interest and market sentiment surrounding this development.
Binance’s Continued Expansion of Futures Offerings
Alongside the Thena listing, Binance has also made a notable announcement regarding the introduction of two new perpetual contracts on its Binance Futures platform.
The exchange launched the USD-margined perpetual contract 1000WHYUSDT on November 25, 2024, at 11:30 (UTC), followed by the 1000CHEEMSUSDT perpetual contract at 11:45 (UTC).
Both contracts feature substantial leverage capabilities of up to 75 times, catering to the growing institutional interest in memecoin derivatives.Â
This strategic expansion of Binance’s futures offerings demonstrates the platform’s commitment to providing diverse trading options and staying at the forefront of the rapidly evolving cryptocurrency derivatives market.