 sees a 135% price surge after being listed on Binance Futures, with a 645% increase in 24 hour trading volume.){kind=link}
Thena (THE), a decentralized exchange (DEX) token built on the BNB Chain, has experienced a dramatic price surge following its listing on Binance Futures. The token’s price jumped by more than 135% in just 24 hours after Binance’s announcement.
THE’s 135% Price Surge on Binance Listing
At the time of writing, THE is trading at $2.66, with a global market capitalization of $188.18 million. The surge has been accompanied by an astounding 645% increase in its 24-hour trading volume, reflecting strong investor interest and confidence in the token’s potential.
The Binance listing has proven to be a key catalyst for Thena’s rapid growth. When a token is listed on Binance, it often benefits from the exchange’s massive user base and global reach, resulting in a significant boost to both liquidity and trading activity.
This kind of listing typically leads to increased visibility, which in turn attracts more traders and investors looking to take advantage of the new trading opportunities.
Thena’s listing on Binance has also triggered excitement within the DeFi community. The platform facilitates spot and perpetual trading of a several assets.
This kind of listing is particularly important for tokens like THE, as it gives them access to Binance’s vast array of features, including Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Auto-Invest, and Futures.
Details on the Binance Futures Listing
From today, November 27, 2024, users can begin subscribing to THE Flexible Products on Binance Simple Earn. From November 28th, they will also be able to purchase THE using various payment options through Binance Auto-Invest.
The Buy Crypto feature will enable users to buy THE with VISA, MasterCard, Google Pay, and Apple Pay, in addition to wallet balance transactions. Binance Convert will allow users to trade THE against BTC, USDT, and other tokens with zero fees.
The positive price movement and trading activity reflect the excitement surrounding Thena’s future. Binance’s support of the token is seen as a significant endorsement of its potential in the competitive crypto landscape.
The remarkable 135% price surge is a typical outcome for tokens that achieve a high-profile listing on Binance. Historically, tokens that are listed on major exchanges like Binance often experience rapid price increases as they gain exposure to a wider investor base, which in turn leads to increased market liquidity and demand.