Binance introduced futures trading for the DEGEN token on the Base chain, marking a significant price increase.
DEGEN Futures Launch on Binance
On November 15, 2024, Binance launched futures contracts for DEGEN, driving a 50% price surge to $0.29. The trading volume reached $386.44 million, indicating strong market interest. The DEGENUSDT perpetual contract with up to 75x leverage became available, while spot trading pairs for DEGEN are yet to be listed by Binance.
DEGEN's Expansion Plans Across New Chains
DEGEN aims to expand into additional blockchains such as Solana, Arbitrum, Optimism (OP), and BSC. This opens up vast liquidity potential and could substantially impact the market.
Wintermute's Investment Shift in DEGEN
Wintermute significantly increased its DEGEN holdings amid growing market optimism.
The Binance launch of DEGEN futures sparked a notable price surge and market interest, potentially signaling further expansion and involvement of major players.
