Introducing VINE and PIPPIN Perpetual Contracts on Binance Futures
Exciting news for crypto enthusiasts as VINE, the Solana-based meme coin created by VINE co-founder Rus Yusupov, is making its way to Binance Futures in the form of a USDT-based perpetual contract.
The official announcement from Binance Futures revealed that starting Jan. 24, 2025, at 10:00 UTC, VINE and pippin will be available as USDT-based perpetual contracts, with leverage of up to 25x. The maximum funding rate for VINEUSDT and PIPPINUSDT contracts will be +2.00% and -2.00%, respectively, calculated every four hours.
One standout feature of these perpetual contracts is the multi-asset trading support provided by Binance, offering a diverse trading experience for users.
Market Performance and Analysis
Despite the buzz surrounding the Binance Futures listing, VINE has seen a decline in value since its launch just two days ago. The coin witnessed an 11.5% decrease in the past 24 hours and dropped by 18.4% within the last hour, currently trading at $0.21 with a market cap of $217 million and a trading volume exceeding $1.6 billion.
In comparison, PIPPIN has shown some resilience post-announcement, with a 9% increase in value in the immediate aftermath. However, the token has experienced a 7.6% decrease over the past 24 hours, maintaining a market cap of $144 million and a 24-hour trading volume of $88 million.
The Story behind VINE Coin
VINE Coin’s inception on Jan. 22, 2025, marked a nostalgic moment for content creators, as Rus Yusupov aimed to honor the collaborative spirit and creative expression that thrived on the now-defunct Vine platform. Yusupov emphasized that all profits from VINE Coin will be donated to X, a platform synonymous with free speech and self-expression.
Twitter’s decision to shut down Vine in 2017 paved the way for its rebranding as X under Elon Musk’s ownership. Musk’s recent response to a user’s plea to bring back Vine sparked speculation, leading to the launch of VINE Coin by Yusupov.
As the crypto world eagerly awaits the impact of VINE and PIPPIN on Binance Futures, the community remains optimistic about the future of these meme coins in the ever-evolving digital landscape.
