Velodrome Token Soars 28% After Binance Listing, Trading Volume Hits $83 Million

Velodrome (VELODROME/USDT) experienced a significant price surge in the last 24 hours, primarily driven by its recent listing on Binance, which included spot, Margin, Auto-Invest, and Futures products. The Binance listing, announced on December 13, 2024, led to a sharp increase in visibility and trading activity, resulting in a 28.07% price increase over the past day, with the current price at $0.0625 (24h open: $0.0488). The listing also introduced VELO to a broader range of Binance services and launched a USDⓈ-M perpetual contract with up to 75x leverage, further boosting market interest and trading volume.

Market activity has been robust, with 24-hour trading volumes reaching between $21.06 million and $83.48 million, and the token’s price fluctuating between $0.04845 and $0.06856. The market capitalization is estimated between $43.69 million and $65.01 million, with a circulating supply of approximately 915.2 million to 990 million VELO out of a total supply capped at 2.17 billion. The heightened volatility and trading volume are directly linked to the Binance listing and the subsequent expansion of trading options for VELO.