Binance has expanded its futures copy trading offerings to include POPCAT and MEW USD-Margined perpetual contracts, sparking bullish sentiment among traders. The addition could signal a surge in interest and investment in Solana-based meme coins as prices of both tokens have already started climbing.
Binance has announced the addition of POPCAT and MEW USD-Margined perpetual contracts to its futures copy trading division, effective 9:00 UTC today.
This integration will enable Binance's futures copy trading users to trade POPCATUSDT and MEWUSDT.
For those unfamiliar, Binance's futures copy trading division, launched in August, allows users to "copy experienced traders' portfolios in real time." This latest addition could spark a shift in market sentiment towards Solana meme coins, offering traders a unique opportunity to optimize their gains on the asset.
With Binance expanding its offerings for these meme coins, market observers are abuzz with anticipation for potential bullish price action in the Solana meme coins.
Following the news from Binance, POPCAT's price experienced a surge of over 4%, reaching $1.30. The coin's price ranged between $1.19 and $1.31 intraday. Meanwhile, MEW's price saw a roughly 2% increase today, trading at $0.008332.
The currency's price hovered between $0.00765 and $0.008528 over the past 24 hours. Notably, one of the leading cryptocurrency exchanges has enhanced its trading offerings, which coincides with the rising price movement of these cryptocurrencies.
In broader market reactions and comparisons, it's worth noting that Solana-based meme coin PONKE was also listed on the same exchange recently, leading to a similar surge in the currency's price.
However, in a contrasting market mood on the pricing of Solana meme coins today, PONKE was seen trading down over 4%, reaching $0.4352.
Yet, following the exchange's recent debut of futures listing, CoinGape reported that GOAT's price extended weekly advances to around 200%. Market analysts remain on the edge of their seats regarding the future pricing of POPCAT and Cat in Dogs World with the recent listings.
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