The creation of numerous new digital tokens has long been a tradition in the cryptocurrency industry. The launch of many meme coins has gotten more attention as a result of Dogecoin and Shiba Inu’s success.
One of the newest meme coins is called PEPE, which quickly gained notoriety and was listed on a number of industry-wide exchanges. Despite its early success, PEPE‘s legitimacy has come under scrutiny because it is new to the ecosystem.
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Binance List PEPE
On the other hand, concerns over PEPE‘s legitimacy may soon be put to rest after news broke that Binance, the biggest cryptocurrency exchange in the world, was onboarding the aforementioned token. Along with this token, Binance has listed Floki Inu, another well-known meme coin.
It’s important to note that Binance’s innovation zone contained both of the notable memecoins mentioned. Users are purportedly able to trade newly released, potentially volatile tokens that may carry larger risks than other tokens in the aforementioned Innovation Zone, which is an exclusive trading space.
As was already mentioned, Binance has made it official that starting on May 5, 2023, PEPE and FLOKI will be listed on its platform. In order to prepare for trading, which is not yet possible as of the time of writing, users would now be able to deposit their individual amounts.
The meme coin’s trading pairs are PEPE/USDT and PEPE/TUSD. In addition to formally listing $FLOKI and $PEPE on each platform, Binance intends to add the aforementioned digital assets to the list of new assets that can be borrowed using Isolated Margins.
PEPE Hits 1B
The market cap of the meme coin experienced a strong surge in the wake of the news of this most recent listing. The asset market cap was still around $1,264,145,312 at the time of writing. The cost of the meme currency also rose as a result.
It’s important to note that PEPE’s price increased by 75.8% on a daily basis to $0.00000285. Additionally, the cryptocurrency just reached an all-time high of $0.00000302. Given that other exchanges are likely to offer the token now that Binance has done so, the upward trend that has been observed may continue.
As a result of the most recent all-time high, which has seen the price soar by close to 40,000% in the last two weeks, PEPE’s market value has already reached $1 billion. Additionally, the memecoin, which is currently the fifth-largest in the memecoin category, is closely pursuing fellow memecoin Floki. It is also important to note that PEPE is only $8 million away from surpassing FLOKI, despite having a fantastic 24-hour trading volume that was only surpassed by Dogecoin.