OKX Lists VIRTUAL and SUNDOG on Perpetual Futures with Up to 50x Leverage

OKX Lists VIRTUAL and SUNDOG on Perpetual Futures with Up to 50x Leverage

Major cryptocurrency exchange OKX has announced the launch of USDT-margined perpetual futures for Virtual Protocol's token (VIRTUAL) and SUNDOG, a Tron-based meme coin. The listings are set to go live on December 11, offering leverage options of up to 50x, making them significant additions to the exchange’s trading portfolio.


Trading for VIRTUAL/USDT perpetual futures will commence at 10:00 UTC, followed by SUNDOG/USDT at 10:15 UTC. Both contracts will feature a minimum leverage of 0.01x and a maximum of 50x, catering to a range of trading strategies.


Funding Fees and Trading Conditions

OKX has outlined specific details regarding funding fees for these perpetual futures. Both contracts will have a funding fee of +1.50% and -1.50%, with zero interest. The funding fee will be recalculated every four hours to maintain balance within the market.


To prevent abnormal fee spikes caused by initial price fluctuations, the exchange has capped the funding fee at 0.03% until 16:00 UTC on December 11. After this period, the funding fee cap will return to 1.50%, with the next fee adjustment scheduled for 20:00 UTC on the same day. The tick size for both contracts is set at 0.0001.


Market Performance of SUNDOG and VIRTUAL

In the hours leading up to the OKX listing, SUNDOG experienced minimal price movement, rising by just 2%. As of this writing, the Tron-based token is trading at $0.15, with a weekly decline of 20.1% and a 3.9% drop over the past two weeks. Despite this, SUNDOG maintains a market cap exceeding $144 million and a 24-hour trading volume of $120 million, with a total circulating supply of 1 billion tokens.


In contrast, VIRTUAL has shown stronger momentum, gaining nearly 4% in the same period and currently trading at $1.68. Over the past two weeks, the token has surged nearly 100%, with a 3% rise in the last week alone. VIRTUAL boasts a market cap of more than $1.6 billion and a 24-hour trading volume of $267 million, also with a circulating supply of 1 billion tokens.


About SUNDOG and VIRTUAL

SUNDOG, the largest dog-themed meme coin in the Tron ecosystem, has evolved from its playful origins to offer diverse features. The token is listed on major exchanges, including Bybit, Bitget, and Gate.io.


VIRTUAL, on the other hand, is the native token of Virtuals Protocol, a platform designed for autonomous AI agents. It allows users to create and operate AI agents, either by launching new tokens or utilizing existing ones.


Significance of the Listing

The introduction of these perpetual futures highlights the growing interest in both stable assets and experimental tokens in the cryptocurrency market.


By offering high-leverage options, OKX is catering to traders looking to maximize returns while maintaining a robust risk management framework.


With these listings, OKX continues to expand its offerings in a rapidly evolving market, further strengthening its position as a leading global cryptocurrency exchange.

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