Solana

The largest cryptocurrency exchange, Binance, will launch futures trading with the Dogwifhat (WIF) meme coin. 
According to <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-m-wif-perpetual-contract-with-up-to-50x-leverage-5c6cb594550247aea7c93a47c0156b17" target="_blank" rel="noopener">the announcement</a> on Jan. 18, Binance Futures will launch a Dogwifhat meme coin perpetual contract with leverage of up to 50x. Trading will begin on Jan. 18 at 14:15 UTC. 
<blockquote class="wp-block-quote"> 
 “Qualified USDS-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the WIFUSDT Perpetual Contract for approximately 14 to 15 days.” <cite>Binance announcement</cite>
</blockquote> 
The WIF rate reacted to this news with an increase of 18% at the time of writing – now, the coin cost is $0.4379. At its peak, the token’s price rose by 24% to $0.48. Trading volumes also jumped 84% in the last 24 hours to $148 million, while market capitalization rose 17.6% to $434.7 million. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="511" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-18-at-14.28.34-1024x511.png" alt="Binance Futures to launch Dogwifhat perpetual contract - 23" class="wp-image-14239780">
 <figcaption class="wp-element-caption">
 Source: CoinMarketCap
 </figcaption>
</figure> 
WIF is a new meme coin based on Solana. The crypto community paid attention to it amid the general excitement around the Solana ecosystem and tokens within this network in December 2023. A new wave of popularity hit Dogwifhat in January – the token <a href="https://crypto.news/dogwifhat-soars-71-becomes-9th-largest-memecoin/">had risen</a> in price by 71% and became the 9th largest meme coin. 
Rumors later <a href="https://crypto.news/solana-meme-coin-dogwifhat-soars-70-amid-buzz-of-potential-binance-listing/">surfaced</a> about WIF listing on Binance, sparking a new rally following the announcement, despite <a href="https://crypto.news/solana-meme-tokens-collapse-after-december-pump/">reports</a> of memcoins collapsing on Solana following December 2023 gains. 
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Binance Futures to launch Dogwifhat perpetual contract

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