PEPE Makes History, Becomes The First Meme Coin To Enter Japanese Markets
PEPE has made history by becoming the first meme coin to enter the Japanese markets after its listing on BitPoint, a popular exchange licensed by the countrys Financial Services Agency.
PEPE is currently the 24th largest cryptocurrency in the market, with a capitalization of $4 billion, and will now be available for spot trading, lending, and savings.
BitPoint Lists PEPE
To celebrate the listing of the popular meme coin, BitPoint is offering two special promotions for those trading PEPE. One promotion to boost engagement allows ten users who purchase PEPE tokens worth 10,000 yen to be eligible to win an additional 100,000 PEPE through a lottery. The offer will run until 3:59 PM on November 27. The second campaign will take place on BitPoints official X handle, with followers eligible to win PEPE tokens. PEPEs listing on BitPoint gives crypto investors in Japan to use meme coins as an investment asset and attract new users to the growing crypto ecosystem. Wu Blockchain also discussed the developments on X, stating,
BitPoint Japan announced the start of trading of the cryptocurrency PEPE, the first meme coin in Japan to be listed. The token will be available for spot trading, lending, and fixed investment on the exchange. PEPE is a crypto asset created in 2023, based on the internet meme Pepe The Frog.
PEPEs Burgeoning Popularity
PEPE is one of the most popular meme coins in the market, along with DOGE, FLOKI, GOAT, Dogwifhat, and several others. One of the meme coins defining features is the automatic burning of a specific amount of tokens after each transaction, removing them from circulation and gradually decreasing token supply while maintaining market equilibrium. As a result, PEPE has garnered significant attention from users thanks to its limited supply.
PEPEs deflationary nature is a strategic step to maintain its value according to supply and demand dynamics.
A Brief History
PEPE was launched in April 2023 and is named after the popular meme Pepe The Frog. Since its launch, the meme coin is up over 34,000% and is currently trading around $0.0000095. The meme coin is available on almost all major exchanges, including Binance, OKX, Bybit, and Upbit. With the tokens listing on BitPoint, investors expect an uptick in price as investors look to purchase the asset.
PEPE has witnessed significant volatility in recent weeks, with its price down by almost 4% in the past 24 hours.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Text source: Crypto Daily™
