ZORA Surges 600% After Binance Futures Listing — PENGU, CVX, SLP Join High-Leverage Rally

Binance, the world-leading blockchain ecosystem, announces the listing of New Altcoins on Futures.

Binance launched 75x leverage Altcoin Contracts for PENGU/USDC,  CVX/USDT, and SLP/USDT, targeting industries like non-fungible tokens (NFTs)  and  Decentralized Finance (DeFi) on July 23, 2025. 

Binance announced that it will list altcoins such as Tagger (TAG) and ZORA (ZORA)  in its Futures Contracts, according to Binance Square. 

The emergence of these contracts caused a fluctuation in the market dynamics, and their main intention was to capitalize on the fluctuation of developing tokens, providing traders a boost in financial gains or falls via high leverage. 

ZORA Skyrockets 600% Amid Binance Futures Debut

The price of Zora has increased by up to 600% to $0.054, continuing the listings of its 50x leverage contracts, highlighted by high speculative activity. The 50x leverage contracts mean that traders can control a position 50 times higher than their beginning capital, reflecting both potential losses and profits. Moreover, the high leverage helps traders to elaborate their achievements from a small price fluctuation, but also reflects two important uncertainties of potential liquidation and intensified losses. 

Zora surges 600% from its June low and is just shy of its all-time high of $0.06293, offering its market capitalization of $194 million. On Friday, the rally ensued after he decision of Binance Futures to list the token with  50x leverage, according to crypto. news.

Due to this spike, the 24-hour volume of Binance climbed to over $230 million. This sudden parabolic rise is a very common incident in the cryptocurrency market. On July 11, the price of Ethena increased by 25% after its listing on Upbit is the best example equivalent to the current situation.

Crypto News added, Zora elaborated on its rally for the second day in a row following the introduction of Creator Coins, its new content monetization tool on Base. 

 Zora is a significant section of the Base blockchain, as its network helps traders to tokenize their social media channels, and its market share may remain as the Base App becomes more prominent. 

 In between, there are some suggestions in the crypto landscape that crypto whales, a firm or individual, hold a high amount of cryptocurrency, start to buy Zora tokens, and their holdings surge last week from 5.49 million to 6.83 million today.

As a part of elaborating leverage options for altcoins, Binance joins with its competitors, Kraken and KuCoin, catering to institutional and algorithmic traders looking for exposure to quickly moving markets.

However, as part of speculative niches, TAG and ZORA tokens could encounter relevant falls if the market sentiment varies immediately.

However, traders are recommended to deeply analyse liquidity conditions and contract specifications before associating with the new products. The prior experience of Binance in connection with leveraged tokens suggests that short-term volatility may be appreciable, but the sustainability of potential gains is undetermined. The increase in Zora on Speculative Frenzy and its performance under 70x leverage will sustain as a litmus test for the strategy of Binance for balancing innovation with operational stability.