Binance Introduces MELANIA Perpetual Contract with 25x Leverage
Binance has launched the MELANIA Perpetual Contract, following the TRUMP perpetual contract introduced on January 18. Key details include:
- MELANIAUSDT offers leverage of up to 25x.
- Funding fee calculated every four hours with rates set at +2.00% and -2.00%.
- Contract settled in USDT with a tick size of 0.001.
- Terms may change based on market conditions.
“Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract from time to time.”
The introduction of MELANIAUSDT expands trading options on Binance Futures, with users advised to understand associated risks.
MELANIA's Listing and Price Surge
MELANIA has also been listed on BitMEX and Bybit, resulting in over a 40% price increase in the last 24 hours. Key metrics include:
- Market capitalization exceeded $2 billion.
- Current trading price is $10.50.
- A trader profited $47.5 million from MELANIA trades using two wallets.
Impact on TRUMP Meme Coin
The launch of MELANIA led to a significant decline in the TRUMP meme coin, which dropped by over 40%. This trend may indicate a growing interest in meme coins within the cryptocurrency market.