Binance has announced the addition of Solana meme coins POPCAT and MEW to its futures copy trading platform, generating optimism about potential price rallies.
Highlights:
- Binance broadens its trading options to include Solana meme coins POPCAT and MEW.
- POPCAT and MEW are now available for futures copy trading on Binance’s platform.
- Prices of these coins have surged following the announcement.
On Tuesday, Binance, a major crypto exchange, announced that it will now support perpetual contracts for meme tokens POPCAT and MEW (Cat in a Dogs World) on its futures copy trading platform. This move has led market analysts to wonder if these Solana-based meme coins might see further price gains.
Binance Expands POPCAT & MEW Trading, Fueling Market Optimism
In an official announcement on November 5, Binance confirmed that it is adding USD-margined perpetual contracts for POPCAT and MEW to its futures copy trading platform, effective from 09:00 UTC. This allows users to trade POPCATUSDT and MEWUSDT in the copy trading space.
Binance’s copy trading feature enables users to “mirror experienced traders’ portfolios in real time,” presenting an opportunity for investors to enhance potential gains by replicating the strategies of skilled traders. This new offering has sparked optimism that increased buyer interest might fuel bullish momentum for these meme coins.
The influx of traders seeking to benefit from expert trading strategies could result in intensified buying pressure, potentially driving up POPCAT and MEW prices. Overall, Binance’s expansion of trading options for these tokens has led market observers to speculate on their future price movements.
Will Solana Meme Coins Rally?
As of now, POPCAT’s price has risen by nearly 4% to $1.30, following Binance’s announcement, with its intraday range between $1.19 and $1.31. Similarly, MEW has gained about 2%, now trading at $0.008332, with a 24-hour range from $0.00765 to $0.008528. This upward trend aligns with Binance’s newly expanded offerings.
In a related note, Binance’s recent listing of the Solana-based token PONKE also influenced its price, though it has declined by almost 4% today, trading at $0.4352. The announcement has created mixed market reactions for Solana meme coins.
Additionally, CoinGape Media reported that GOAT has extended its weekly gains by around 200%, supported by Binance’s recent futures listing. With these developments, analysts remain cautious yet hopeful regarding future price trends for POPCAT and MEW.
