2024

Solana

<ul class="wp-block-list">
 <li><strong>Binance launches $SLERFUSDT and $SCRTUSDT perpetual contracts with up to 75x leverage.</strong></li>
 <li><strong>A crypto whale purchases $2.62 million worth of $SLERF, acquiring 6.13 million tokens.</strong></li>
</ul>
<p>Binance Futures has officially<a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-slerfusdt-and-scrtusdt-perpetual-contracts-with-up-to-75x-leverage-c214b24b9f004196aa12fb1e6736572b?hl=en" target="_blank" rel="noopener noreferrer nofollow"> listed</a> USD-margined $SLERFUSDT and $SCRTUSDT perpetual contracts, offering leverage of up to 75x. Following the announcement, a crypto whale made a significant purchase, acquiring 6.13 million $SLERF tokens at $0.427 each. The transaction totaled 10,790 $SOL, or $2.62 million.</p>
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  <p lang="en" dir="ltr">After <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> announced the launch of <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SLERF</a> perps, a whale spent 10,790 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($2.62M) to buy 6.13M <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SLERF</a> at $0.427!<a href="https://t.co/CBLWYqxmQt" rel="noopener noreferrer nofollow">https://t.co/CBLWYqxmQt</a> <a href="https://t.co/GorSr9AYsg" rel="noopener noreferrer nofollow">pic.twitter.com/GorSr9AYsg</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1859545143084450082?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2024</a>
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<p>The listing of $SLERFUSDT perps significantly enhances Binance’s offerings, allowing traders to speculate on $SLERF’s price movements without holding the token. The introduction of high leverage increases both the potential rewards and risks for traders, particularly those seeking amplified returns.&nbsp;</p>
<h3 class="wp-block-heading" id="h-binance-boosts-slerf-s-legitimacy">Binance Boosts $SLERF’s Legitimacy</h3>
<p>The whale’s $2.62 million <a href="https://x.com/lookonchain/status/1859545143084450082" target="_blank" rel="noopener noreferrer nofollow">transaction</a> underscores the growing interest in $SLERF. Such large-scale purchases typically signal a strong belief in the token’s value, potentially driving further market participation. The whale’s move may encourage additional traders to follow suit, boosting liquidity and overall market interest in $SLERF.</p>
<p>In addition to $SLERF, Binance’s listing of the $SCRTUSDT perpetual contract broadens its derivatives portfolio, catering to various trading preferences. The introduction of both tokens provides opportunities for traders seeking high-risk, high-reward strategies. However, the increased leverage also introduces greater risk, making it essential for traders to assess their risk tolerance.</p>
<p>Binance’s backing of $SLERF through its perpetual contract listing elevates the token’s profile within the market. $SLERF, a <a href="https://thenewscrypto.com/bonk-hits-new-ath-and-flips-dogwifhat-as-top-solana-memecoin/" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> associated with the Solana blockchain, now gains more legitimacy and visibility. This visibility may attract both retail and institutional investors, further contributing to its growth.</p>
<p>The token is poised for increased <a href="https://thenewscrypto.com/hoth-therapeutics-allocates-1m-to-bitcoin-amid-rising-institutional-adoption/" target="_blank" rel="noopener noreferrer nofollow">adoption</a>, with both retail and institutional investors likely to take a closer look. As $SLERF’s perpetual contracts gain momentum, its trajectory will depend on broader market sentiment and continued support from platforms like Binance.</p>
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Crypto Whale Buys $2.62M in $SLERF as Binance Launches Perps

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