PEPE price soars on Binance.US listing news
PEPE's market cap exceeds $8 billion, with a daily trading volume of $4.2 billion.
Key Takeaways
- Binance.US is listing PEPE, adding it as the fourth meme coin on its platform.
- PEPE's market cap sits at $8.8 billion and it's the third-largest meme token by value.
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PEPE coin surged over 7% after Binance.US, the American subsidiary of the leading crypto exchange Binance, revealed that it will list the popular meme coin on its platform, CoinGecko data shows.
PEPE traded at approximately $0.000022 at press time, showing a 11% increase over 24 hours, with a market cap of $8.8 billion.
According to Binance.US’s announcement, deposits for PEPE are now open, and trading for the PEPE/USDT pair will start on December 5, 2024, at 6 AM EST.
PEPE will join Binance.US’s growing list of meme-inspired investment offerings. The exchange currently supports major tokens like DOGE, SHIB, and BONK. Binance.US just added BONK to its listings last month.
Inspired by the popular meme featuring Pepe the Frog, PEPE has gained traction within the crypto community since its launch in April 2023. The token became notable for its explosive price movements, turning small investments into handsome returns for early investors.
PEPE established an all-time high of $0.00002457 last month, pushing its market cap to $10 billion, per CoinGecko data. It is now the third-largest meme token by market value, only behind DOGE and SHIB.
PEPE’s upward momentum was reignited following listing announcements from major US exchanges Robinhood and Coinbase. The token jumped over 50% in the wake of these listing details, as reported by Crypto Briefing.
PEPE has surged 1,500% this year, outperforming most top meme coins.
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