Shiba

Republican

Shiba Inu

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Binance will launch futures trading for WHY and CHEEMS with up to 75x leverage.</li> 
 <li>1000WHYUSDT will launch at 11:30 and 1000CHEEMSUSDT will launch at 11:45.</li> 
</ul> 
Binance announced the launch of two futures contracts later today. Binance Futures will launch the 1000WHYUSDT Perpetual Contract at 11:30 and the 1000CHEEMSUSDT Perpetual Contract at 11:45. 
Both contracts will be launched with up to 75x leverage, according to the exchange’s official announcement. 
Binance has been launching futures contracts to expand users’ experience on the platform and to offer them more trading choices. 
Following the exchange’s <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-1000whyusdt-and-1000cheemsusdt-perpetual-contracts-with-up-to-75x-leverage-3dd2c1e3f5f040ac9f7a94c6597ef842?hl=en" rel="nofollow noopener" target="_blank">announcement</a>, both coins experienced price drops. 
<h2 id="why-and-cheems-recorded-significant-price-drops">WHY and CHEEMS Recorded Significant Price Drops</h2> 
Ahead of Binance’s announcement, <a href="https://crypto.ro/en/cryptocurrencies/why/">WHY</a> was trading above $0.0638 and the coin dipped to $0.0624 levels after, down by 15% in the past 24 hours. 
The coin’s market cap went from over $160 million to $100 million, after Binance announced its futures listing. 
<figure id="attachment_53857" aria-describedby="caption-attachment-53857" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-53857 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap.jpeg" alt="WHY price in USD today" width="1200" height="800" title="Binance Launches Futures Trading for WHY and CHEEMS 25" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/WHY_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53857" class="wp-caption-text">
 WHY price in USD today
 </figcaption>
</figure> 
The coin’s price recorded an upward trajectory starting on November 19 until today, when its price dropped significantly. WHY’s current 24-hour volume is above $44.7 million. 
WHY is the official Republican Elephant on BNBChain, according to the CTO X account. 
CHEEMS’ price also dipped following Binance’s futures listing announcement earlier today. 
CHEEMS’ market cap was around $255.9 million, and after the exchange announced the launch of its futures contract, it dropped to current levels of around $148 million. The coin’s price is down by over 23% in the past 24 hours. 
CHEEMS’ 24-hour volume is currently at almost $119 million. 
<figure id="attachment_53858" aria-describedby="caption-attachment-53858" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-53858 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap.jpeg" alt="CHEEMS price in USD today" width="1200" height="800" title="Binance Launches Futures Trading for WHY and CHEEMS 26" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/CHEEMS_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53858" class="wp-caption-text">
 CHEEMS price in USD today
 </figcaption>
</figure> 
During the past week, <a href="https://crypto.ro/en/cryptocurrencies/cheems-pet/">CHEEMS</a> also recorded an ascendant price trajectory that debuted on November 19, with its price peaking earlier today. 
CHEEMS is another coin that went live on the BNB Chain and it is the image behind Cheems, the Shiba Inu dog, an Internet sensation. 
After Binance announced the futures listing for both Perpetual Contracts for WHY and CHEEMS, the coins saw significant dumps, leading to their price drops.

Binance Launches Futures Trading for WHY and CHEEMS

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