Ebi.xyz, a platform built on Arbitrium One, has announced the launch of a new meme-related derivative product. The new product, called 'FUD Market', will allow traders to short meme tokens.
Launch of 'FUD Market'
Ebi.xyz plans to launch 'FUD Market' this month. This product will be the first derivative instrument to allow exclusive shorting of meme tokens created on meme platforms such as Pump.fun and sunpump.
Reasons for new product launch
Since the inception of Pump.fun earlier this year, more than 2 million token addresses have been created and approximately 1.9 million meme tokens have been successfully deployed. Despite the hype, success stories are rare, and many traders face significant losses when holding these tokens. To meet the need for more sophisticated trading strategies, ebi.xyz introduces 'FUD Market', enabling traders to short meme tokens and capitalize on market movements.
Benefits for traders
By offering shorting capabilities on meme tokens, Ebi.xyz empowers traders with tools to manage their risk and protect profits from market volatility. This product allows users to leverage the short-lived hype around meme tokens or hedge their positions in a rapidly changing market. 'FUD Market' will launch later this month, built on Ebi.xyz’s already active points reward program designed to incentivize trader activity on the platform.
The launch of 'FUD Market' by Ebi.xyz represents a significant innovation in meme token trading, offering new ways to manage risks and increase profits.
Comments