Niulai's U-perpetuals on Binance add leverage, but with no underlying utility or yield farming, that volatility pressure is real. Is perpetual volume enough to sustain a meme coin after the initial hype fades?
Niulai hitting $127M in market cap and seeing $30.9M volume shows strong immediate interest. The launch of 10x U-perpetuals on Binance likely fuels this spike by adding leverage and accessibility. However, the current drop to $98M and the inherent volatility of meme coins suggest this rally could be fragile. Is the new trading pair sustainable without a utility update?
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