Why do some meme coin names have 1000 added in front on futures contracts?
Definition: To measure whether a coin is expensive, look at its total market cap or FDV—that is, the unit price multiplied by the supply—not just the price of one coin.
Principle: If the unit price rises from 0.00001 to 0.001, that’s a 100-fold increase. For a coin with a supply of several hundred trillion, this means its total market cap would also have to rise 100-fold.
$PEPE On Binance’s USDT-margined futures, the corresponding trading pair is called 1000PEPEUSDT. Currently 0.0₅539.
Knowledge can help you avoid pitfalls, but it can’t replace position management.
#PEPE
Definition: To measure whether a coin is expensive, look at its total market cap or FDV—that is, the unit price multiplied by the supply—not just the price of one coin.
Principle: If the unit price rises from 0.00001 to 0.001, that’s a 100-fold increase. For a coin with a supply of several hundred trillion, this means its total market cap would also have to rise 100-fold.
$PEPE On Binance’s USDT-margined futures, the corresponding trading pair is called 1000PEPEUSDT. Currently 0.0₅539.
Knowledge can help you avoid pitfalls, but it can’t replace position management.
#PEPE