BREAKING: Binance Lists PEPE And FLOKI In Innovation Zone
May 05 2023 - 7:00AM
NEWSBTC
Meme coins PEPE and FLOKI are finally making their way onto Binance
after an impressive run. Both communities have in the past called
for the crypto behemoth to list the tokens but the exchange has
been quiet about possible listings, until now. PEPE And FLOKI Make
It To Binance The world’s largest crypto exchange Binance has taken
another step toward supporting meme coins as it announced new
listings for two of the largest meme coins in the world. In a post
on its official website, Binance revealed that Twitter’s new
favorite meme coins PEPE and FLOKI will be listed in its innovation
zone. Related Reading: Pro-XRP Attorney Shares Information That
Could Be Bullish For Ripple Trading for both of these coins will
begin on Saturday, May 6, while deposits for both cryptocurrencies
have already been opened as of Friday, May 5. Both meme coins are
listed for spot trading across four pairs, including PEPE/USDT,
PEPE/TUSDT, FLOKI/USDT, and FLOKI/TUSD. Binance announces new meme
coins listings | Source: Binance Furthermore, the exchange revealed
that it plans to also allow borrowing on both of these assets. The
new margin pairs for FLOKI and PEPE will be available on Isolated
Margin and Binance plans to add both of these in the next 48 hours.
The Isolated Margin pairs include FLOKI/USDT and PEPE/USDT. New
Listings Trigger Price Rally Binance posted the announcement on its
website in the early hours of Friday and both assets have responded
positively since then. PEPE rose to a new high of $0.0000028,
crossing the $1 billion market cap, and FLOKI is up 60% in the last
day as well. PEPE reaches new all-time high following Binance
announcement | Source: PEPEUSDT on TradingView.com The listings
have also sparked a flurry of new activity in both communities,
resulting in higher trading volume for both assets. However, while
both PEPE and FLOKI hit a milestone with this listing, the win is
really for PEPE here, a meme coin that is less than one month old
and has already risen over 25,000x. Related Reading: This Meme Coin
Created By GPT-4 Is Now Worth $40 Million, Here’s Why As the trend
continues, it will be interesting to see where this coin ends up.
With Binance already showing support by listing it in the
innovation zone, it will not be long until other exchanges follow
suit. Follow Best Owie on Twitter for market insights, updates, and
the occasional funny tweet… Featured image from Business 2
Community, chart from TradingView.com
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