Important Binance Update Affecting Various Meme Coins: Details

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Binance will raise the collateral ratios for several cryptocurrencies, including Floki Inu and Dogs .trending meme coins like Floki Inu and Dogs . The update is scheduled for September 3 and will take approximately one hour.. DOGS will witness an even more substantial increase: from 10% to 30%.

Other cryptocurrencies whose ratios will go up from tomorrow include Toncoin , Render , Sun Token , SuperRare , and AdEx . “Collateral ratio will affect the Unified Maintenance Margin Ratio . Users should monitor uniMMR closely to avoid any potential liquidation or lossesto secure a loan or maintain a position. It is typically shown as a percentage and indicates how much the collateral is worthThe popular meme coin Bonk Inu witnessed little to no volatility following the announcement, but this was not the case in December 2023.

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