MON JUST HIT BINANCE FUTURES AND THE MONAD BET IS LIVE
The market is still shaking off one of the wildest weeks of the year with over a million liquidations across crypto and Bitcoin holding near $83090
That is exactly when Binance drops its biggest futures catalyst and this one is Monad
$MON just opened for premarket perpetual trading on Binance Futures at up to 5x leverage and it is the first time traders can short or long the most hyped L1 launch of the cycle
Price ripped to about 14 cents at the open and now trades near 12 cents with a 100 billion supply putting the implied valuation near 11 billion
The airdrop claim portal opens Oct 14 so fresh spot supply is about to hit right when futures traders are already positioned
My take as an analyst I think 5x leverage on a premarket contract is a casino with extra steps but the signal is loud and Binance only gives this treatment to launches it expects to dominate volume
Are you touching $MON before the airdrop or waiting for the dust to settle after Oct 14
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Binance
The market is still shaking off one of the wildest weeks of the year with over a million liquidations across crypto and Bitcoin holding near $83090
That is exactly when Binance drops its biggest futures catalyst and this one is Monad
$MON just opened for premarket perpetual trading on Binance Futures at up to 5x leverage and it is the first time traders can short or long the most hyped L1 launch of the cycle
Price ripped to about 14 cents at the open and now trades near 12 cents with a 100 billion supply putting the implied valuation near 11 billion
The airdrop claim portal opens Oct 14 so fresh spot supply is about to hit right when futures traders are already positioned
My take as an analyst I think 5x leverage on a premarket contract is a casino with extra steps but the signal is loud and Binance only gives this treatment to launches it expects to dominate volume
Are you touching $MON before the airdrop or waiting for the dust to settle after Oct 14
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Binance