• Binance.US is listing PEPE token, joining DOGE, SHIB, and BONK as meme coins on its platform
• PEPE’s market cap sits at $8.8 billion, making it the third-largest meme token by value
• PEPE’s price surged over 7% after the Binance.US listing announcement
The cryptocurrency scene is once again buzzing, as PEPE coin’s price soars following the announcement of its listing on Binance.US. This development marks another notable expansion in the listing of meme tokens on the platform, with PEPE joining DOGE, SHIB, and BONK.
PEPE’s Price and Market Cap
PEPE’s market cap has impressively reached $8.8 billion with a daily trading volume of $4.2 billion. The coin experienced a surge of over 7% following the listing news from Binance.US, the American subsidiary of leading crypto exchange Binance. At the time of writing, PEPE was trading at approximately $0.000022, showcasing an 11% increase over the last 24 hours.
PEPE’s Listing on Binance.US
Binance.US confirmed in their announcement that deposits for PEPE are now open, with trading for the PEPE/USDT pair commencing on December 5, 2024, at 6 AM EST. This listing places PEPE as the fourth meme coin on the platform, expanding its roster of meme-inspired investment offerings that includes major tokens such as DOGE, SHIB, and BONK.
PEPE’s Rise in the Crypto Community
Launched in April 2023 and based on the popular meme featuring Pepe the Frog, PEPE has rapidly gained traction in the crypto community. The token is known for its explosive price movements, turning small investments into substantial returns for early investors. In fact, PEPE hit an all-time high of $0.00002457 last month, propelling its market cap to $10 billion, making it the third-largest meme token by market value, only behind DOGE and SHIB.
PEPE’s Performance Following Listing Announcements
PEPE’s upward trajectory was given a further boost following listing announcements from other major US exchanges such as Robinhood and Coinbase. The token experienced over a 50% jump in the wake of these listing details. Overall, PEPE has surged 1500% this year, outshining most top meme coins.
Conclusion
The addition of PEPE to Binance.US’s meme coin list highlights the growing acceptance and popularity of meme tokens in the crypto market. It will be interesting to see how this development will impact PEPE’s performance in the coming days.
