FUN Token Surges 12.29% as Breakout and 50x Leverage Drive $115M Binance Volume

FUNUSDT has experienced a notable price increase over the last 24 hours, rising by 12.29% to $0.013371 on Binance. This upward movement is primarily attributed to strong bullish sentiment following technical analysis reports of a breakout from a long-term descending channel and positive market commentary, as well as increased attention after the launch of perpetual contracts with up to 50x leverage on major exchanges. Additionally, the recent delisting of FUNUSDT futures on another platform may have concentrated trading activity on Binance, further boosting volume and price action.

Currently, FUNUSDT's 24-hour trading volume on Binance is substantial, ranging between $28.61 million and $115 million as reported by various sources, with the most active trading pair being FUN/USDT. The token's market capitalization is estimated between $123.53 million and $159.64 million, ranking it around #238 in the cryptocurrency market.