25x Leverage Support for VINE Coin
As a Solana -based breast Coin, Vine was launched by Vine's founding partner, Russian Yusoov, and will now be traded as a USDT -based contract in Binance Futures.
This announcement was announced with the latest statement by Binance Futures. Binance, USDT -based contracts for VINE Coin and Pippin Coin will launch VINE on 24 January 2025, VINE in 10:00 UTC and 10:15 UTC, respectively.
Binance Futures will offer a maximum of 25x leverage for both USDT guaranteed contract and offer trading opportunities to investors.
VINEUSDT and PIPPINUSDT announced by Binance Futures will be +2.00%and -2.00%, respectively.
Binance will make financing fees calculations every four hours and users will be able to follow these rates. In addition, Binance will offer multiple assets for both tokens and offer a wider trade area to investors by providing multiple assets support.
Although Vıne Coin was released only two days ago, Binance Futures continued to lose value even after the announcement. Coin has lost 11.5 %in the last 24 hours and 18.4 %in the last hour.
Following the announcement of Binance Futures, VINE’s price increased to $ 0.26 at a time, but shortly after it decreased to $ 0.22. VINE Coin is currently traded at $ 0.21.
Unlike other breast coins, Binance Futures often increase prices when continuous contracts are announced, but VINE Coin seems to have broken this rule.
PIPPIN Coin seems to have performed better than VINE. PIPPIN, Binance Futures after the announcement of approximately 9 %in the last hour. Nevertheless, token has experienced a depreciation of 7.6 %in the last 24 hours.
PIPPIN Coin was released in November 2024 and the current market value is around $ 144 million. The 24 -hour transaction volume was recorded as $ 88 million.
VINE Breast Coin was launched by Yusupov on 22 January 2025. Yusoov said that the Vine application has a major impact on the social media world in the 2010s, that millions of videos were produced and the experiences of content producers represented the “beauty of being together and creation”.
This coin was initiated to commemorate the cultural effects of Vine application. Vine was closed by Twitter in 2017 and after that day, Elon Musk, owner of Twitter, re -branded the platform as X.
Yusoov said in a statement about Vine Coin, that his teams would not sell any token and that all the profits to be obtained would be donated to the X platform. While X has become an important symbol in terms of freedom and self -expression, Yusupov’s statement carries an important message, especially for content producers.
After the closure of Twitter’s Vine platform, VINE came up again with the ban in Tiktok in the United States. Many people think that this development is effective behind Yusupov’s decision to launch VINE Breast Coin after hearing that Musk had instructed Vine to restart Vine.