Binance Futures Launches HIPPO and 1000X Contracts with 75x Leverage on SUI Blockchain

Nov 13, 2024, 11:44 AM

Binance Futures has announced the launch of USDⓈ-Margined HIPPO and 1000X Perpetual Contracts, set to begin trading on November 13, 2024, at 12:30 UTC. The HIPPO token, a memecoin on the SUI blockchain, will be available for futures trading with a maximum leverage of 75x, although it is not listed for spot trading. Following the announcement, the market cap of HIPPO surged by 19%, reaching $217 million. Additionally, DWFLabs received 15 billion $X tokens, valued at $2.89 million, and deposited 7.5 billion $X, worth $1.45 million, to exchanges for market making.