This week, Binance revealed a major update for fans of Solana-based meme coins. On November 5, Binance announced it would add meme coins POPCAT and MEW (also known as Cat in a Dog’s World) to its futures copy trading platform, sparking excitement among traders who hope these new listings will drive prices higher.
Here’s a closer look at what this could mean for the market.
Enhanced Trading for Solana Meme Coins
Binance’s update includes adding USD-Margined perpetual contracts for POPCAT and MEW, making them available in the futures copy trading division. This feature allows users to mirror the portfolios of experienced traders in real time, potentially benefiting new investors and sparking optimism around these meme coins.
The addition of perpetual contracts for these tokens could create a significant shift. As more users enter the platform to trade based on top portfolios, the buying pressure on POPCAT and MEW may lead to bullish momentum, according to some analysts.
POPCAT and MEW Prices Show Early Gains
Following Binance’s announcement, POPCAT’s price rose nearly 4%, hitting $1.30, with daily highs and lows between $1.19 and $1.31. MEW saw a similar trend, gaining close to 2% and trading around $0.008332. These price moves align with Binance’s decision to list these Solana meme coins, creating interest among both new and experienced traders.
This isn’t the first time Binance’s platform changes have influenced Solana meme coins. Recently, the addition of another token, PONKE, led to a temporary price upswing. Although PONKE is currently down about 4%, Binance’s moves have generated excitement about meme coin trends.
Will Solana Meme Coins Continue to Rally?
Alongside Binance’s new listings, reports indicate meme coin prices may remain volatile. GOAT, another Solana-based token, saw weekly gains close to 200% after being listed in Binance’s futures division. With strong market interest in meme coins, analysts are watching closely to see if the momentum for POPCAT and MEW continues.
As Binance expands its futures copy trading offerings, traders remain cautiously optimistic, waiting to see if POPCAT and MEW will reach new highs in the days ahead.
