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VisitWhat will be the total leverage used in HIPPO futures by January 2025?
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Data from Binance futures trading reports
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.
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