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 $2.62 million.</p>
<div align="center">
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">After <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> announced the launch of <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
<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>
<p><strong>Highlighted Crypto News Today<br></strong><a href="https://thenewscrypto.com/phillip-banks-enforces-copyright-on-viral-chill-guy-meme/" target="_blank" rel="noopener noreferrer nofollow">Phillip Banks Enforces Copyright on Viral Chill Guy Meme</a></p>

Crypto Whale Buys $2.62M in $SLERF as Binance Launches Perps

Table of Contents

TheNewsCrypto

Other articles published on Nov 21, 2024

Marathon Digital raises $1 Billion to buy Bitcoin

Bitcoin Soars Above $97K: Is $100K Next in the Unstoppable Rally?

Spot Bitcoin ETFs Reach New Heights with Record Inflows

Sui Network Quickly Resolves Outage, Operations Back to Normal

Coinshift Launches csUSDL, Announces Strategic Partnerships

Solana Eyes $260 Breakout as Fibonacci Levels Target $602

Join our free newsletter for daily crypto updates!