Binance, the world’s largest cryptocurrency exchange, has made waves by expanding its margin trading offerings with three new USDC pairs for meme coins ACT I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO). This new move, announced on November 18, introduces both cross-margin and isolated-margin trading pairs for these tokens, potentially fueling further interest and price movements.
ACT, PNUT, and NEIRO are now available for margin trading on Binance, following their initial listing on the exchange’s spot market just days earlier on November 15. The introduction of these pairs is expected to attract more traders, particularly as the market remains captivated by the meme coin trend.
Trading Volatility and Price Movements
ACT has been one of the most impressive performers, surging 2,200% in the past month. Currently priced at $0.6326, ACT has seen a 2% increase in the past 24 hours, with daily fluctuations between $0.6142 and $0.6909. The coin’s recent success, paired with a 24-hour trading volume of $372 million, has made it a top contender among speculative traders looking for high volatility.
Meanwhile, PNUT has experienced an extraordinary 3,000% increase over the past month, currently trading at $1.67 after a 4% increase in the last 24 hours. Its price fluctuated between $1.511 and $1.934, with a substantial 24-hour trading volume of $1.63 billion. PNUT’s meteoric rise highlights its status as one of the most popular meme coins in the market.
NEIRO, although showing more moderate growth, has still seen a 7.6% increase in the last month, bringing its current price to $0.002117. It’s had a slight 1.5% rise in the last 24 hours, with daily price movements between $0.002042 and $0.002281. Despite its more stable growth compared to the others, NEIRO continues to attract attention, with a 24-hour trading volume of $629 million.
The Meme Coin Surge
The addition of ACT, PNUT, and NEIRO to Binance Margin could be a catalyst for further price action, especially as the popularity of meme coins continues to grow among both retail and institutional traders. While these coins have shown impressive growth in recent weeks, the broader market is keenly watching whether their momentum will continue, or if this latest wave of speculative trading will peak.
As meme coins like ACT, NEIRO, and PNUT gain traction, Binance’s move to offer margin trading could lead to even more dramatic price swings, particularly for traders seeking high-risk, high-reward opportunities. The volatility of these assets makes them ripe for explosive growth, but also prone to sudden corrections.
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