Binance.US, a major cryptocurrency exchange catering to U.S. customers, has announced the listing of Pepe ($PEPE), a meme-inspired cryptocurrency.
As of now, deposits for PEPE on the Ethereum network are open, and trading for the PEPE/USDT pair will commence on December 5, 2024, at 3 a.m. PST / 6 a.m. EST.
PEPE has been in the spotlight recently due to notable whale activity. For instance:
- A whale purchased 240 billion $PEPE for $3.64 million on May 29, 2024. Despite an initial price drop, the whale held the tokens for six months before selling them for $4.95 million, earning a $1.31 million profit.
- In the past 20 days, another whale withdrew 337.09 billion $PEPE (valued at $6.92 million) from Binance, according to Lookonchain, highlighting ongoing accumulation by large holders.
As of December 4, 2024, $PEPE has a market capitalization of $8.83 billion. It has recorded a 14% increase over the past seven days and an impressive 154% surge over the past month.
Pepe ($PEPE) is a cryptocurrency inspired by the internet meme character Pepe the Frog.
Built on the Ethereum blockchain as an ERC-20 token, it has gained traction due to its accessibility and strong community support.
The popularity of $PEPE is primarily driven by social media engagement, community enthusiasm, and its status as a meme token within the crypto ecosystem.
