CUSDT Surges 24.85% on Binance After Perpetual Contracts Launch, Attracting Traders Amid Low Liquidity

CUSDT experienced a significant price increase of 24.85% over the past 24 hours, rising from 0.3050 to 0.3808 on Binance. This price change is primarily attributed to the recent debut of CUSDT perpetual contracts on major exchanges, including Binance and Bitget, which introduced up to 50x leverage and generated heightened trader interest and activity. The launch was accompanied by strong social media engagement and reports of substantial profits, further fueling bullish sentiment. Despite the increased attention, overall market data shows low trading volume and inconsistent price reporting across platforms, indicating limited liquidity and significant price discrepancies. On Binance, CUSDT is currently trading at 0.3808, reflecting the most reliable and up-to-date price data for the asset.