Binance Lists POPCAT and MEW in Copy Trading – Price Rally Incoming?

Crypto exchange Binance has announced the addition of two popular meme coins, POPCAT and MEW, to its Futures Copy Trading platform. Starting today at 09:00 UTC, users can trade USDⓈ-M Perpetual Contracts for POPCATUSDT and MEWUSDT, sparking interest from market watchers who wonder if this new listing could drive a rally in Solana meme coins.

Here’s all you got to know.

How Binance’s Copy Trading Works

Copy Trading lets users mirror trades made by experienced traders in real-time. Once users pick a lead trader and decide on an investment amount, the system automatically replicates the selected trader’s moves. This feature offers a convenient way for users, especially newcomers, to follow seasoned investors’ strategies and potentially benefit from their expertise.

With POPCAT and MEW now available on Binance’s platform, eager investors are eyeing potential gains, which has increased buying interest. This boost in activity may push prices higher for both tokens. As Binance expands its offerings, many are optimistic about future price movements for these meme coins, hoping for continued upward momentum.

POPCAT, MEW Shoot Up

In line with Binance’s announcement, the POPCAT price rose nearly 4%, reaching $1.30. At the same time, MEW’s price gained nearly 2% today. Notably, the cryptos’ rising price movement aligns with the enhanced trade offerings by one of the leading crypto exchanges.

Binance recently listed another Solana-based meme coin, PONKE, which initially saw a price boost. However, PONKE later fell nearly 4%, sparking mixed opinions on the stability of Solana meme coins.

This volatility highlights the uncertain nature of these tokens and the influence of trading activity on their performance.

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Binance Discusses the Role of Regulation

In a recent blog post, Binance explored the impact of regulation on the crypto industry. The article highlighted regulation’s dual effect—boosting trust and growth but also challenging innovation.

As Binance continues to innovate, the future of Solana meme coins looks promising. Stay tuned to Coinpedia for more updates!