TL;DR

• The exchange will increase collateral ratios for six altcoins, including PNUT, starting December 17.
• The squirrel-themed meme coin surged in value after its initial Binance listing and sparked widespread interest due to its backing from prominent people like Elon Musk.

The Involved Assets

The world’s leading cryptocurrency exchange will update the collateral ratio for numerous altcoins under Portfolio Margin from December 17. The effort will be completed within approximately one hour and affect the following assets: Peanut the Squirrel (PNUT), 1MBABYDOGE (1MBABYDOGE), Eigenlayer (EIGEN), Reserve Rights (RSR), Movement (MOVE), and Magic Eden (ME).

The collateral ratios of the aforementioned tokens will be raised by 10% each. PNUT’s ratio will be increased from 35% to 45%, while all others will be lifted from 10% to 20%.

“Collateral ratio will affect the Unified Maintenance Margin Ratio (uniMMR). Users should monitor uniMMR closely to avoid any potential liquidation or losses that may result from the change of collateral ratio,” the company warned. 

The collateral ratio represents the amount of assets required to secure a loan or mai