OKX lists VIRTUAL and SUNDOG on perpetual futures

OKX will launch of USDT perpetual contracts for Virtual Protocol’s token and Tron-based meme coin on Dec. 11 with leverage of up to 50x.

In a recent notice, major crypto exchange OKX announced that it will list AI agent platform token VIRTUAL and meme coin SUNDOG (SUNDOG) as USDT (USDT)-margined perpetual futures. Trading support for VIRTUAL/USDT perpetual futures will begin on Dec. 11 at 10:00 UTC, meanwhile trading for SUNDOG/USDT starts on the same day at 10:15 UTC.

Both perpetual contracts have a minimum leverage of 0.01x and a maximum leverage of up to 50x.

The funding fee established for both perpetual contracts will be +1.50% and -1.50% with zero interest. The funding fee calculation frequency is set to occur every four hours. The tick size for the SUNDOG/USDT and VIRTUAL/USDT perpetual contracts are set to 0.0001.

The exchange noted that it will place the upper limit for both perpetuals contract’s funding fee to 0.03% before 16:00 UTC on Dec. 11, to avoid unreasonable fee increases due to fluctuations of newly launched futures. The upper limit for the funding fee will go back to 1.5% after 16:00 UTC. The funding fee for this period will be charged on Dec. 11 at 20:00 UTC.

In the minutes leading up to the OKX listing, SUNDOG has barely moved, only having gone up by nearly 2% according to data from crypto.news. At the time of writing, the Tron (TRX)-based token is currently trading hands $0.15. In the past week, the token has plummeted by 20.1% and 3.9% in the past two weeks.

SUNDOG has a market cap of more than $144 million and a 24-hour trading volume of around $120 million. SUNDOG has a total circulating supply of 1 billion tokens.


OKX lists VIRTUAL and SUNDOG on perpetual futures - 1
Price chart for SUNDOG in the past 24 hours of trading, December 11, 2024 | Source: crypto.news.

Meanwhile, VIRTUAL has gone up twice as much as SUNDOG. According to data from CoinGecko, the Virtuals Protocol token went up by nearly 4% and holds a current value of $1.68. VIRTUAL has gone up by 3% in the past week and nearly 100% in the past two weeks.

VIRTUAL has a market cap of more than $1.6 billion and a 24-hour trading volume of $267 million. The token has a total circulating supply of 1 billion tokens.

SUNDOG is the sixth largest token and the biggest dog-themed meme coin on the Tron ecosystem. Initially launched as a meme coin, SUNDOG has grown beyond its playful origins to offer a variety of features. It is currently listed on a number of exchanges including Bybit, Bitget and Gate.io.

VIRTUAL is the native token of Virtuals Protocol, which is a layer for autonomous AI agents. The platform enables users to create their own AI agents by launching a new token or an existing one.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related Posts

Donald Trump holds $2.2m in TROG, more than Ethereum

The U.S. President-elect Donald Trump is known as a crypto figure and now holds TROG more than any other crypto on his portfolio. According to Arkham Intelligence data on Dec.…

BlackRock and Fidelity bought half of billion dollars in Ethereum

The two biggest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, bought over $500 million in Ether in the past two days. According to Arkham Intelligence X’s post on Dec. 12,…

Leave a Reply

Your email address will not be published. Required fields are marked *