New coin COLLECT surges 104% in one week: What does Gate and Binance opening 20x perpetual contracts on the same day mean?

COLLECT, a new coin launched only on December 24, 2025, has attracted top exchanges like Gate and Binance to rush to list perpetual contracts within just one week. According to the latest news, Gate has launched the COLLECT/USDT perpetual contract for live trading, supporting 1-20x leverage for long and short positions. Meanwhile, Binance will also launch its perpetual contract on December 31 at 21:15. This phenomenon warrants attention: why can a newly launched coin gain such rapid market recognition?

Why is COLLECT so popular

Price performance is indeed eye-catching

As of December 31, COLLECT’s performance data cannot be ignored:

The doubling in price over a week has definitely caught market attention. Such performance is not uncommon among new tokens, but it is relatively rare for a coin to be supported simultaneously by both Gate and Binance perpetual contracts.

Fundamental aspects of the project worth understanding

COLLECT, officially called Collect on Fanable, operates on the BNB Chain and is positioned as a real-world collectibles trading platform. According to the latest data, the project has a total supply of 30 million tokens, with 5.37 million currently in circulation, representing only 17.90% circulation. This indicates that a large portion of tokens has yet to be released, and future supply pressure may exist.

The true meaning of launching perpetual contracts

Why are Gate and Binance both listing

The fact that two major exchanges launched COLLECT perpetual contracts on the same day is directly related to market demand. Perpetual contracts are high-risk, high-reward products. When an exchange lists a coin’s perpetual contract, it usually indicates that the coin has sufficient trading activity and market liquidity support.

According to the latest news, Gate supports 1-20x leverage, and Binance also supports 20x leverage. While this leverage is not particularly high (some exchanges support up to 100x), it is already quite aggressive for a new coin.

What does this mean

• Market recognition: The decision by top exchanges to list indicates that COLLECT’s liquidity and trading volume meet certain standards.
• Increased trading opportunities: Perpetual contracts allow traders to short, increasing market participation and typically boosting liquidity.
• Risks also increase: High leverage + new coin + high volatility—this combination means a high risk of large losses.

Points to be cautious about

New coin + perpetual contracts + high leverage is a high-risk combination in the crypto market:

• Liquidity risk: Although the trading volume looks good (24H volume of $401.52 million), the liquidity of a new coin may not be as stable as mainstream tokens, and large orders can cause slippage.
• Price volatility risk: A 104.41% increase in a week indicates extremely high volatility, which in perpetual contracts can lead to liquidation risks.
• Supply risk: With only 17.90% in circulation, a large amount of unreleased tokens could exert downward pressure on the price later.
• Project risk: As a new project, COLLECT’s team, technology, and ecosystem information are limited, adding uncertainty.

Points to watch in the future

Personally, I believe whether COLLECT can maintain its popularity depends on several factors:

• Exchange ecosystem expansion: Will it continue to list on more exchanges, or has it reached a peak?
• Price stability: Can it maintain relative stability amid high volatility? This is crucial for long-term participants.
• Project progress: Are there substantial product updates or ecosystem development announcements from the official side?
• Fund flow: Is large capital continuing to flow in, or are investors starting to take profits?

Summary

The rapid listing of COLLECT’s perpetual contracts reflects the current market enthusiasm for new tokens. The synchronized actions of Gate and Binance indicate that this coin has indeed gained market recognition, but it also means the market has already priced in much of its potential. For participants, the high leverage characteristic of perpetual contracts amplifies both gains and risks— a coin that has increased by 104% in a week can also decline rapidly.

Core advice: If participating, strictly control leverage and position size. The game rule for new coin perpetual contracts is always: far fewer people make big profits than those who suffer big losses.