CoinW Lists STONK and ZCAT Perpetual Contracts with Up to 25x Leverage

CoinW has listed perpetual contracts for meme tokens STONK and ZCAT, supporting up to 25x leverage, according to a report by PANews. The report highlights that meme tokens can be highly volatile, and traders may face loss of principal in contract trading.

Perpetual contracts are derivative products that track the price movement of underlying assets without an expiration date. While leverage allows users to open positions with smaller margin, adverse price movements can increase losses and liquidation risks.

The announcement confirms the addition of perpetual trading for STONK and ZCAT but does not guarantee any price or value changes for these tokens. CoinW previously listed perpetual contracts for USELESS, a meme coin in the Solana ecosystem, which was also reported by media outlets as part of expanded support for meme coin derivatives.

Details such as trading start time, trading pairs, maintenance margin, and funding fees have not been disclosed in the current report. Further confirmation on actual trading conditions will be provided once CoinW releases an official notice.