ETHUP ETHUP
1. Summary
- Description
-
ETHUP is a type of leveraged token available on Binance. It represents a basket of perpetual contract positions with a target leverage range of 1.25x to 4x. Users can trade this token on the spot market, allowing them to gain leveraged exposure to the price movements of Ethereum without the need for collateral or liquidation risks.
ETHUP is a type of leveraged token available on Binance. It represents a basket of perpetual contract positions with a target leverage range of 1.25x to 4x. Users can trade this token on the spot market, allowing them to gain leveraged exposure to the price movements of Ethereum without the need for collateral or liquidation risks.
Key Features
- Leverage: Up to 4x leverage on Ethereum price movements
- Rebalancing: Automatically adjusts to maintain target leverage, reducing the risk of liquidation
- Available on Binance: Can be subscribed or redeemed on the Binance platform
Functionality
- Perpetual Contracts: Each token represents a basket of perpetual contract positions
- Fees: Involves a small fee for subscription and redemption
- Explanation: Functions like a trading bot that adjusts its position to maintain the target leverage, buying or selling Ethereum to ensure the desired leverage level
Benefits
- Simplified Leverage: Provides an easier way to access leveraged positions without the need to manage margin trading
- Reduced Liquidation Risk: The token automatically rebalances to avoid liquidation due to significant price movements
Associated Risks
- Volatility Decay: Magnifies losses and makes it difficult to recover
- Fees: Fees are charged on subscriptions and redemptions
- Unpredictable Leverage: The actual leverage can sometimes exceed the target range during significant market movements
Relevant Links
- Token Performance: Live prices, historical charts, and market data
- Trading Rules: Rules governing subscriptions, redemptions, and rebalancing on Binance
- User Experience: Feedback and discussions from users on the reliability and performance of ETHUP tokens.
| Price | |
| 52W High price | $50.34 |
| 52W High date | 12th Mar 2024 (11 months ago) |
| All Time High (ATH) Date | 10th Nov 2021 (3 years ago) |
| ATH Price | $146.69 |
| % From ATH | -96.96% |
| All Time Low (ATL) Date | 18th Jun 2022 (2 years ago) |
| ATL Price | $1.89 |
| % From ATL | 135.72% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $3,515.00 |
ETHUP
How does ETHUP's (ETHUP) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-68.6%
ETHUP
51,626.9%
Similar Market Cap
60 Day Return
-77.3%
ETHUP
4,051.5%
Similar Market Cap
1 Year Return
-36.7%
ETHUP
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 895,302 |
|---|---|
| Active Reddit Users (past 24h) | 280 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 164,181 |
| Twitter followers | 12M |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.binance.com/en/leveraged-tokens/tokens/allTokens/ETHUP |
|---|---|
| @binance | |
| /r/binance |
Has ETHUP been audited for security?
No security audits found for this project.
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