- Ultra Bullish XLMDOWN skyrockets over 10892215%.
- Binance Leveraged Tokens are tradable assets in the Binance spot market
- Binance has completed a reverse token split for XLMDOWN Leveraged Token.
This month, many cryptocurrencies are increasing in their prices, and the crypto market has been displaying a bullish signal. As same as fact, some digital assets rise while others fall, which seems to be normal in the cryptocurrency market. Correspondingly, ultra-bullish XLMDOWN skyrockets over 10892215% in a day.
XLMDOWN (XLMDOWN) is a short stellar token. XLMDOWN operates on its own blockchain. Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that enable users leveraged exposure to the underlying belongings. Each leveraged token represents a collection of perpetual contract positions. XLMDOWN has been listed on several crypto exchanges, contrasting other main cryptocurrencies, it cannot be directly purchased with fiat money.
Current Market Status of XLMDOWN
According to CoinMarketCap, the trading price of XLMDOWN is $10.79 at the time of writing. The trading volume is $241,497 for the past 24 hours and XLMDOWN has skyrocketed to 10892215.07%
The above charts display the ultra-bullish price over XLMDOWN (XLMDOWN) for the last 24 hours. XLMDOWN (XLMDOWN) has skyrocketed over 10892215% and they’re also most likely to reach more heights.
Reverse Token Split for XLMDOWN Leveraged Token
The leading cryptocurrency exchange Binance has completed a reverse token split for XLMDOWN Leveraged Token on August 26th. Accordingly, the reverse token split is a procedure that consolidates the existing number of issued tokens into a smaller number of proportionally more valuable tokens.
More so, these recent and upcoming upgrades might be the reason for the XLMDOWN price surge. Henceforth, with the development and upgrade of the platform, we can expect more surges in the upcoming days.
Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.