Why do some Meme coins have 1000 added before their names in futures contracts?
The 1000 prefix is used in these contracts because the price per token is very low and has too many decimal places, making it inconvenient to quote prices and place orders.
When comparing two Meme coins, look at both their total supply and unit price together. Looking only at the unit price can easily lead to misleading conclusions.
$PEPE corresponds to the trading pair 1000PEPEUSDT on Binance USDT-margined futures.
When did everyone figure this out?
#PEPE
The 1000 prefix is used in these contracts because the price per token is very low and has too many decimal places, making it inconvenient to quote prices and place orders.
When comparing two Meme coins, look at both their total supply and unit price together. Looking only at the unit price can easily lead to misleading conclusions.
$PEPE corresponds to the trading pair 1000PEPEUSDT on Binance USDT-margined futures.
When did everyone figure this out?
#PEPE