The Solana blockchain-based coins FIDA and MEW enjoyed a notable uptick in sentiment on Thursday after obtaining essential listings. While cat in a dogs world (MEW) obtained a listing on Upbit, Solana Name Service (FIDA) obtained a listing on Binance. The news coincided with a 25%–30% spike in the token values, which attracted considerable interest from around the world.
Vital Listings for Solana Tokens FIDA & MEW Are Secured On Binance & Upbit
As per the formal statements made by the aforementioned exchanges on September 19, specific listings for both tokens are scheduled to occur today. The crypto exchange is scheduled to introduce the FIDAUSDT USD-Margined perpetual contract today at 12:30 UTC, according to Binance’s official announcement. Upbit simultaneously disclosed that it had listed MEW on the same day as BTC and USDT pairings.
Binance disclosed in an intriguing way that it listed FIDA with leverage available to platform users up to 75 times. The limited funding rate was further set by the cryptocurrency exchange at +2.00% / -2.00%.
Upbit Korea simultaneously listed “cat in a dogs world” on the USDT and BTC marketplaces. The Asian cryptocurrency exchange declared that it will begin supporting transactions today as well.
The main effect of the Solana currencies listings has been to increase market confidence in potential future moves, which has allowed additional capital to enter the token market.
Prices of Tokens Soar by Over 25%
In response to Binance’s announcement of its listing, the price of FIDA increased by almost 45% at the same time. The coin’s intraday low and high were $0.2204 and $0.3297, respectively, and it ended the day at $0.3243.
In a similar vein, MEW’s price surged by about 26% to hit $0.00533 thanks to the Upbit listing. The coin’s 24-hour high was $0.005728, and its low was $0.00407, respectively.
As has happened with many tokens in the past, the increasing price action is mainly in line with today’s listing announcements. According to CoinGape Media, Kadena (KDA) saw a nearly 30% increase in price following its Binance futures listing.
According to a different report, the costs of BRETT and PEPE significantly increased when they were listed on Upbit. The exchanges’ listings taken as a whole explain the significant price increases of today.
Coinglass data at the same time showed an 82% increase in MEW’s futures OI to $76.31 million. Furthermore, the volume of the coin’s derivatives surged by 531% to $735.63 million today. This increase has given rise to even more hope for the coin based in Solana. It’s also important to note that the price of Solana (SOL) increased by 8% to $140 today.
