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HIPPO Binance Listing Drives Price By 90% Within Minutes

The world’s largest exchange, Binance, has announced that it will list the Sui-based meme coin sudeng (HIPPO) in its futures market today.  A few minutes after this disclosure, HIPPO’s price jumped by 90% and currently trades at $0.022.

The HIPPO Binance listing is the latest in a series of meme coins recently added by the exchange. But what’s next for the token following this development?

Binance Announces sudeng Listing

According to Binance, HIPPO will launch today, November 13, at 12.30 UTC. It also mentioned that trading will open around the same time. Before the announcement, HIPPO’s price was $0.012.

However, as soon as the news became public, the trading volume jumped to $100 million, and the price of the Sui meme coin rallied as well. 

sudeng 4-Hour Price Chart. Source: TradingView

This is a developing story…

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto…

Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto…


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Victor Olanrewaju

https://beincrypto.com/binance-to-list-sui-based-meme-coin-hippo/

2024-11-13 11:17:19

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