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🔥WET contract launched, price surged and retraced, showing market speculation On December 10, Binance Futures announced that it would officially launch the WET/USDT perpetual contract at 15:00 (UTC+8) on the same day, supporting a maximum leverage of 20 times. As a rising star in the Binance Alpha sector, WET experienced a round of intense price fluctuations around the launch of the contract, becoming the focus of the market.
Price trend: From a surge of 255% to a retracement The price of $WET recently experienced a rollercoaster market. According to market data, the token briefly surpassed $0.25 in the morning of December 10, with an increase of over 255% compared to its public sale price of $0.069. However, market sentiment quickly shifted, and the price did not stabilize at high levels. {future}(WETUSDT)
Contract launch: Amplifier of heat and risk Launching the contract amidst severe price fluctuations is a double-edged sword for WET.
Providing opportunities for two-way trading: Contract trading allows investors to use leverage to go long or short, providing tools for investors who are bullish or bearish on the token, which may attract more professional traders and funds.
Testing price support and liquidity: The perpetual contract market will serve as a touchstone for testing the true buying support and liquidity of WET. Huge contract trading (24-hour contract trading volume has reached $62.69 million) will further amplify price fluctuations.
Increased market attention: The rapid advancement from Alpha spot trading to the launch of contracts on the entire platform indicates the market's heightened attention.
Summary: Opportunities and challenges under high volatility The arrival of the WET contract marks its official entry into the mainstream derivatives market. For traders, this brings more strategic choices, but it also means facing significantly increased risks due to leverage and initial volatility.
The above information is based on the official announcement and public market data as of December 10, and does not constitute any investment advice. Cryptocurrency contract trading is highly risky, with significant price fluctuations, please make cautious decisions. #WETUSDT #wet打新 #ALPHA🔥 #ALPHA
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