SHIB Challenger PEPE Achieves Top Exchange Listing
Release: 2024/08/20 20:54 Reading: 972
Meme Coins Surge on Asian Market, PEPE Lands on Upbit
The meme coin sector has experienced significant gains in the Asian market. Notably, Pepe Coin (PEPE) has secured a listing on South Korea's largest cryptocurrency exchange, Upbit. The exchange has introduced USDT trading pairs for PEPE and Brett (BRETT).
PEPE operates on the Ethereum network, while BRETT utilizes the Base network. Users should note that deposits or withdrawals made through unsupported networks will not be facilitated.
PEPE's Market Potential
Since its launch in April 2023, PEPE has emerged as a formidable challenger to Shiba Inu, leveraging its iconic frog character. While lacking inherent token utility, PEPE has gained traction through its evolving community-driven ecosystem.
The listing on Upbit signifies a pivotal step towards market dominance, following a significant transfer of 500 billion PEPE (approximately $4 million) to Kraken, a reputable US-based exchange.
Market Response and Long-Term Outlook
The market has responded favorably to PEPE's Upbit listing, with the token experiencing an 11.55% surge to $0.000008053. This represents the token's first price recovery within the past week.
Despite previous volatility faced by PEPE, analysts predict sustained growth in the long run, potentially challenging the dominance of Shiba Inu.
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