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MOODENG’s price jumped from $0.07 to $0.18 in 24 hours after Binance announced its futures listing.
On October 25, Binance introduced MOODENG for futures trading with leverage up to 75x.
This week, Binance has also expanded futures trading to several other meme coins. For instance, Simon’s Cat (CAT) saw a 62.5% surge on October 22 after Binance listed it with the same leverage option.
Shortly after, Goatseus Maximus (GOAT) saw a 76% price increase when Binance enabled futures trading at 12.5x leverage.
This trend highlights Binance’s influence as the leading crypto exchange, driving liquidity and volatility across the market.
According to CoinRanking, Binance leads with $12.75 billion in daily trading volume, far ahead of the Bybit and Crypto.com exchanges, which reported $4.07 billion and $3.92 billion, respectively.
While Binance has enabled futures trading for MOODENG, spot trading remains unavailable—following the same pattern observed with CAT and GOAT.
Meme Coins Lead Market Growth
According to Dune Analytics, over the past 30 days, meme coins have outperformed all other sectors, posting a 15% increase.
Bitcoin (BTC) is in second place, up 8% month-over-month. The non-fungible tokens (NFTs) follow in third place with a 7% rise, likely fueled by ApeCoin (APE) and the hype around its newly launched chain and bridge.
