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- Pepe (PEPE) is the new memecoin on the block, after a commendable run in the previous weeks, Pepe is looking to dethrone rival memecoins.
- OKX exchange announces the launch of Pepe (PEPE) after trading volume for the memecoin surpassed Shiba Inu and Floki.
Despite having a controversial reputation across the cryptocurrency market, memecoins have continued to dominate and even outperform other altcoins. Within the last few years, a handful of memecoins have been recognized by key figures in the finance industry and have gained a strong fan base over time.
Shiba Inu, Dogecoin, and Floki Inu are some of the most talked about altcoins in the market at this time. However, a newbie has recently been making rounds in the memecoin community, after outperforming some of its rivals in trading volume.
Pepe Coin (PEPE) has succeeded in toppling the trading volume of Shiba Inu and Floki Inu in the past few days. This commendable achievement has not gone unseen by significant exchanges. Notably, the bullish rally has caught the attention of crypto exchange OKX, which has now announced that it will be listing the memecoin on its platform.
In the official announcement published on its website, OKX stated that Pepe (PEPE) will be listed on the exchange for spot trading. Although there is no telling when the memecoin will be available for Margin, futures, swing and leverage, and other kinds of trading, it is possible that the exchange will make space for that to happen in the future.
PEPE against USDT trading pairs for spot trading will be available on the 1st of May, while withdrawals will be available on the following day. The announcement read;
OKX is pleased to announce the listing of Pepe (PEPE) on our spot trading markets.Please take note of the following schedule: PEPE /USDT Spot trading will open at 09:00 am UTC on May. 1 PEPE withdrawals will open at 09:00 am UTC on May. 2.
The listing could open doors for the memecoin and potentially aid its attempt to unseat rival assets like Dogecoin and Shiba Inu. In the previous year, it was disclosed that OKX had processed more than 130 million transactions. The network allows boasts of a staggering user base of more than $50 million global users.
Adoption for Pepe (PEPE) is poised to rise as the new listing is well positioned to open new doors for the memecoin. As with previous times, listing a new asset might trigger positive sentiments from excited traders. However, it is worth noting that volatility is also just as common. To this effect, OKX warns traders of the potential risks that come with trading digital assets like Pepe (PEPE).
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
