The cryptocurrency world is no stranger to the frequent introduction of new digital tokens, with meme coins such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD gaining prominence.
PEPE PEPE/USD, a newly launched meme coin, has quickly captured attention and been listed on multiple exchanges, despite questions about its credibility due to its novelty.
Binance, the world’s largest cryptocurrency exchange, recently announced the addition of PEPE to its platform, potentially shifting perceptions about the coin’s credibility.
Floki Inu FLOKI/USD, another well-known meme coin, will also be listed alongside PEPE.
Notably, both coins will be featured in Binance’s Innovation Zone.
The Innovation Zone is a specialized trading area where users can trade newly introduced and potentially volatile tokens, which may carry higher risks than other tokens.
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PEPE and FLOKI are set to be listed on Binance starting from May 5, 2023, at 16:00 [UTC].
While trading has yet to begin, users can deposit funds in preparation.
The trading pairs for PEPE are PEPE/USDT and PEPE/TUSD.
Additionally, Binance plans to add FLOKI and PEPE as new assets eligible for borrowing through Isolated Margins, with new margin pairs available within 48 hours.
Despite these positive developments for the nascent meme coin, the exchange asserts that PEPE has no utility.
PEPE’s Market Cap Reaches $1B: Following the announcement of Binance’s listing, PEPE’s market cap experienced a notable increase.
At the time of writing, the asset’s market cap stood at around $1,264,145,312.
Concurrently, the price of PEPE rose to $0.00000285 after a 75.8% daily increase, even reaching an all-time high of $0.00000302 earlier.
This upward trend may continue as more exchanges are likely to list PEPE now that Binance has taken the lead.
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