- Binance expands margin trading with new USDC pairs for ACT, NEIRO, and PNUT.
- ACT, NEIRO, and PNUT gain traction with traders amid significant price surges.
- Meme coin trading volumes increase, drawing attention from Binance users.
Binance has introduced three new meme coin pairs for margin trading. On Monday, Binance added ACT I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO) for both cross-margin and isolated-margin trading.
These new USDC pairs enable traders to leverage their positions and participate more flexibly in the thriving meme coin market. The addition marks Binance’s continued support for trending meme coins, further engaging the cryptocurrency community in high-volatility assets.
The new margin trading pairs, available as cross-margin and isolated-margin options, include ACT/USDC, NEIRO/USDC, and PNUT/USDC. This expansion provides more trading options for users looking to capitalize on the popularity of these tokens.
Binance’s decision follows the recent spot market listing of ACT, NEIRO, and PNUT on November 15. This reflects a strategic push to cater to growing interest in meme coins with strong trading volumes.
The recent addition has led to notable movements in these coins’ trading prices. ACT, currently trading at $0.6326, has seen a 2% rise in the past 24 hours, fluctuating between $0.6142 and $0.6909.
The token’s trading volume over 24 hours reached $372 million, driven by a dramatic 2,200% price increase over the past month. Such high performance reflects ACT’s appeal among traders interested in high-volatility assets, with many capitalizing on its short-term gains.
Similarly, NEIRO, priced at $0.002117, witnessed a 1.5% rise in the last 24 hours. Its price fluctuated between $0.002042 and $0.002281. Unlike ACT’s explosive growth, NEIRO has charted a more stable increase of 7.6% over the past month, maintaining a consistent trading volume of $629 million.
Peanut the Squirrel (PNUT) stands out for its significant price rise, currently trading at $1.67, with a 4% increase in the last 24 hours. The token’s daily price range extended from $1.511 to $1.934. PNUT has seen a remarkable 3,000% surge over the past month, highlighting its strong appeal among traders seeking substantial price movements.
With a 24-hour trading volume of $1.63 billion, PNUT continues to draw attention for its extreme price fluctuations.
Binance’s decision to add USDC pairs for ACT, NEIRO, and PNUT comes amid a wider surge in meme coin interest. As traders explore meme coins for their speculative potential, Binance’s margin trading options offer enhanced opportunities to maximize gains through leveraged trading.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
