FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings.
Cryptocurrencies FIDA and MEW, both powered by the Solana blockchain, witnessed a surge in positive sentiment on Thursday with the announcement of crucial listings. Solana Name Service (FIDA) secured a listing on Binance, while cat in a dogs world (MEW) was listed on Upbit.
These listings garnered widespread attention globally, with the tokens’ prices skyrocketing 25%-30% following the news.
Solana Tokens FIDA & MEW Secure Key Listings on Binance & Upbit
According to official announcements on September 19 by the respective exchanges, both tokens were set to receive specific listings later that day.
As per Binance’s official statement, the crypto exchange was preparing to launch FIDAUSDT USD-Margined perpetual contract later that day at 12:30 UTC.
Meanwhile, Upbit's announcement revealed that it had listed MEW with BTC and USDT pairs on the same day.
Interestingly, Binance announced that FIDA would be listed with up to 75x leverage for users on the platform. Furthermore, the crypto exchange set the capped funding rate at +2.00% / -2.00%.
At the same time, Upbit Korea listed cat in a dogs world within BTC and USDT markets. The Asian crypto exchange also stated that it would begin offering transaction support for the token.
These listings on Solana were largely expected to stoke market optimism for future movements, potentially leading to fresh capital inflows into the tokens.
Tokens’ Prices Surged Over 25%
In light of Binance’s listing announcement, FIDA price experienced a surge of nearly 45%. The coin was valued at $0.3243 with an intraday low and high of $0.2204 and $0.3297, respectively.
Similarly, MEW price pumped nearly 26% to reach $0.00533, riding the wave of Upbit's listing. The coin's 24-hour low and high were $0.00407 and $0.005728, respectively.
This price action seemed to be primarily linked to the listing announcements, as observed previously with several other tokens. CoinGape Media reported earlier that Kadena (KDA) price surged almost 30% with its futures listing on Binance.
In another report, it was highlighted that PEPE and BRETT prices pumped significantly following their listings on Upbit. Together, these exchange listings provided a logical explanation for the substantial price gains.
Moreover, Coinglass data showed an 82% increase in MEW’s futures OI to $76.31 million. Additionally, the coin’s derivatives volume surged 531% to $735.63 million for the day. This surge indicated further optimism for the Solana-based token.
It is also worth noting that Solana (SOL) price went up 8% to trade at $140 during the day.
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