On May 1, the cryptocurrency exchange platform OKX announced that it will list the memecoin PEPE, joining other cryptocurrency exchanges, including MEXC Overall, bitget, Gate.io And Huobi. These listings have sparked a trading frenzy, with PEPE’s value jumping 2,340% since April 17. At press time, the memecoin is trading at $0.0000011, with its price surging more than 50% in the past 24 hours following the OKX listing announcement.
#memecoin New Listing Update
$PEPE @pepecoineth gets listed on #OKX!
Details: https://t.co/jzMvhs0QaH pic.twitter.com/VRnX3glD5Q
—OKX (@okx) May 1, 2023
PEPE/USDT Spot Trading: 9:00 am May 1 (UTC)Pepe the Frog: from Internet meme to memecoin
pepe the frog, a cartoon character and Internet meme created by cartoonist Matt Furie, has become one of the most popular memes in the world. The anonymous developers of the PEPE token, created on the blockchain Ethereum, have sought to capitalize on the success of the meme and the popularity of other memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE).
Investment risks and market volatility
Although PEPE has experienced a hype important in recent weeks, the staff from OKX warned potential investors against the risks inherent in assets digital in their listing ad for PEPE. Indeed, it is important to remember that these assets often called memecoins or even “shitcoins” are often very popular with newcomers and beginners. Unfortunately their extreme volatility often has tragic consequences for the uninitiated.
The article PEPE memecoin continues to thrive as major exchanges list it appeared first on Corner Academy
