OKX lists VIRTUAL and SUNDOG on perpetual futures

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

In a recent notification, leading crypto exchange OKX announced that it will list AI broker platform token VIRTUAL and meme coin SUNDOG (SUNDOG) as USDT (USDT) margin perpetual futures. Trading support for VIRTUAL/USDT perpetual futures will begin at 10:00 UTC on December 11, while SUNDOG/USDT trading will begin at 10:15 UTC the same day.

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

The funding fee determined for both forward 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 has been set to 0.0001.

The exchange stated that it will set the upper limit for the funding fee for both perpetual contracts at 0.03% before 16:00 UTC on December 11, in order to prevent unreasonable fee increases due to fluctuations in newly launched futures trading. The funding fee cap will return to 1.5% after 16:00 UTC. The funding fee for this period will be collected on December 11, 20:00 UTC.

In the minutes before OKX’s listing, SUNDOG moved very little and was only up about 2%, according to crypto.news data. At the time of writing, the Tron (TRX)-based token is currently trading at $0.15. In the past week, the token has fallen by 20.1% and in the last two weeks by 3.9%.

SUNDOG’s market capitalization is more than $144 million and its 24-hour trading volume is approximately $120 million. SUNDOG has a total circulating supply of 1 billion tokens.

Last 24-hour trading price chart for SUNDOG, December 11, 2024 | Source: crypto.news.

Meanwhile, VIRTUAL rose twice as much as SUNDOG. According to data from CoinGecko, the Virtuals Protocol token has increased by approximately 4% and its current value is at $1.68. VIRTUAL increased by 3% last week and almost 100% in the last two weeks.

VIRTUAL’s market cap is over $1.6 billion and its 24-hour trading volume is $267 million. The token has a total circulating supply of 1 billion tokens.

SUNDOG is the sixth largest token and the largest dog-themed meme coin in the Tron ecosystem. Originally launched as a meme coin, SUNDOG has expanded beyond its entertaining origins to offer a variety of features. It is currently listed on several exchanges including Bybit, Bitget and Gate.io.

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

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