PEPE Makes History, Becomes The First Meme Coin To Enter Japanese Markets
Release: 2024/10/31 01:20 Reading: 498
PEPE Makes History, Entering Japanese Markets via BitPoint Listing
PEPE has etched its name in history as the first meme coin to penetrate the Japanese markets, following its listing on BitPoint, a prominent exchange authorized by the country's Financial Services Agency.
Currently the 24th largest cryptocurrency, PEPE boasts a market capitalization of $4 billion. It will now be traded on BitPoint for spot, lending, and savings.
BitPoint Celebrates PEPE Listing
To commemorate PEPE's listing, BitPoint is offering two promotions:
- Engagement Boosting: Ten users purchasing 10,000 yen worth of PEPE tokens will enter a lottery for a chance to win an additional 100,000 PEPE tokens. This offer expires on November 27 at 3:59 PM Japan time.
- Social Media Giveaway: Followers of BitPoint's official X handle can participate in a giveaway for free PEPE tokens.
PEPE's Growing Popularity
PEPE has emerged as one of the most popular meme coins, alongside DOGE, FLOKI, GOAT, and Dogwifhat. Its distinctive feature is the automatic burning of a portion of tokens after each transaction, reducing the supply and maintaining market stability. This limited supply has drawn considerable attention from investors.
PEPE's deflationary nature is a strategic measure to preserve its value in line with supply and demand principles.
A Brief History
Launched in April 2023, PEPE derives its name from the popular internet meme "Pepe The Frog." The meme coin has surged over 34,000% since its inception and currently trades around $0.0000095. It is widely available on major exchanges, including Binance, OKX, Bybit, and Upbit. With its listing on BitPoint, investors anticipate a price increase as they seek to acquire the asset.
Note: PEPE has experienced significant volatility recently, with a 4% price drop over the past 24 hours.
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