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Meme coins are taking over the crypto market with multiple crypto exchanges moving swiftly to list several meme coins. The market is carefully watching Pepe Coin (PEPE) as it flips Shiba Inu and FLOKI in trading volumes in the last few days. Crypto exchange OKX has announced the listing of PEPE after the meme coin continues to trend and rally higher during the weekend.
OKX Listing Pepe Coin (PEPE)
In an official announcement on May 1, crypto exchange OKX revealed listing yet another meme coin Pepe Coin (PEPE). The PEPE is now listed on OKX spot trading markets and trading will open at 09:00 UTC on May 1, with withdrawals set to open a day later. The exchange is listing the meme coin in PEPE/USDT pair.
OKX noted that “Pepe the Frog” is a cartoon character and Internet meme created by cartoonist Matt Furie. It is designed as a green anthropomorphic frog with a humanoid body. It’s one of the most popular memes in the world. PEPE is a deflationary memecoin launched on Ethereum.
The crypto exchange took to Twitter to officially announce the new listing of PEPE to reveal the community about the good news. OKX CEO “Star” Xu also tweeted about the listing. Some believe the meme coin will overtake Shiba Inu and Dogecoin.
🚨 #Memecoin New Listing Update 🚨 $PEPE @pepecoineth gets listed on #OKX!
📈 PEPE/USDT Spot Trading: 9:00 am May 1 (UTC)
Details: https://t.co/jzMvhs0QaH pic.twitter.com/VRnX3glD5Q
— OKX (@okx) May 1, 2023
PEPE price skyrocketed over 100% in the last 24 hours, with the price currently trading at $0.00000106. The 24-hour low and high are $0.000000522 and $0.000001013, respectively. Furthermore, the trading volume has increased by over 200% in the last 24 hours.
Despite trending and trading volume jumping in the last few days, investors must consider caution when trading such new cryptocurrencies. PEPE price could dump hard if top holders started selling the meme coin.
Also Read: Shiba Inu’s Shytoshi Kusama Can Ask Binance To List BONE, Here’s How
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