As a seasoned researcher with years of experience in the cryptocurrency market, I can’t help but be intrigued by the rapid rise of HIPPO, the memecoin inspired by Su Deng, the internet’s favorite pygmy hippo. The 144% surge within hours of being listed on Binance is a testament to the power of hype and leverage in this dynamic market.
As a crypto enthusiast, I found myself thrilled when HIPPO, a fresh meme token on the innovative Sui blockchain, experienced an astounding 144% surge in value just days after its listing on Binance, which occurred on November 13th. What a ride!
As a researcher studying digital currencies, I observed an extraordinary surge in the value of a memecoin following its listing announcement. In a matter of hours, the price soared from a mere $0.012 to an impressive $0.024. Moreover, the trading volume for this token skyrocketed, reaching an astounding $106 million within a single day.
Currently, at the present moment, HIPPO is priced at $0.026, a mere $0.002 away from establishing a new all-time high. A significant increase of 9% has led to a total trading volume of $181 million over the past day. Moreover, the market cap has experienced a notable rise of 23%, now standing at $260 million.
The increase was triggered by Binance providing up to 75 times the standard leverage for trading HIPPO futures, allowing traders to handle significantly greater sums compared to their actual holdings.
The cryptocurrency known as HIPPO memecoin was created with inspiration from Su Deng, a beloved pygmy hippo personality on social media.
Additionally, similar coins such as ACT and Pnut, which have just been added to Binance, have experienced substantial increases. For instance, ACT surged by an impressive 2,954%, while Pnut climbed a significant 1,073% following their listing on the platform.
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2024-11-15 18:44