SLP Token Soars 38% as Binance Launches USDS-Margined Perpetuals, Trading Volume Surges 1,242%

Smooth Love Potion (SLPUSDT) experienced a significant price increase of 38.20% over the last 24 hours, rising from 0.001665 to 0.002301 USDT on Binance. This surge is primarily attributed to the announcement and launch of USDS-Margined SLPUSDT Perpetual Contracts on Binance, which has driven heightened trading activity and increased community engagement within the Axie Infinity ecosystem. The new futures product has attracted both speculative interest and higher trading volumes, as evidenced by a reported 1,242.20% jump in 24-hour trading volume across major platforms. SLP’s current market capitalization is estimated between $62.33M and $76.74M, with a circulating supply of approximately 35.97 billion tokens, and the token continues to show notable volatility and strong market participation following the recent developments.