Solana-Based Memecoin That’s Up 4,641% This Year Earns Sudden Support From Binance

A memecoin built on the Solana (SOL) blockchain has earned support from Binance, the world’s largest crypto exchange platform by trading volume.

In a new announcement, Binance says it’s adding futures contracts for the monkey-themed PONKE (PONKE) on Monday.

Says Binance,

“To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the PONKEUSDT Perpetual Contract at 2024-11-04 12:30 (UTC) with up to 75x leverage.”

PONKE is also listed on several crypto exchanges, including Bybit, Kraken, KuCoin, Crypto.com and Revolut.

Last month, the project announced the launch of a decentralized exchange (DEX) called PonkeSwap.

“Building on PONKE’s memecoin culture, PonkeSwap offers low-fee token swaps, staking rewards, and Club Ponke where holders can engage with other holders and the team directly. It’s a platform where you can swap, earn, and flex your PONKE tokens.

PONKE started as a meme but evolved into a strong community on Solana. PonkeSwap extends that spirit into decentralized finance (DeFi), making it easier and more rewarding for PONKE holders to trade, stake, and engage with each other. PonkeSwap isn’t just a DEX; it’s where our memecoin roots meet real utility and community-driven rewards.”

PONKE is trading for $0.4398 at time of writing, up 4641.4% from its all-time low of $0.00928 on January 3rd. With a market cap of $242.2 million the memecoin is the 243rd largest crypto project.

The memecoin launched in 2023 with a total token supply of 555,555,555.

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