PEPE token rate rises by 130% after listing on OKX
The creators of the project plan to make PEPE the “king of the memes.”
01.05.2023 - 10:15
962
2 min
0
What’s new? On May 1, the OKX cryptocurrency exchange listed the meme token PEPE. The asset is available for spot trading paired with the USDT stablecoin from 09:00 UTC, withdrawals will open on May 2 at the same time. As a result of listing on the platform, the PEPE rate rose by 130% and reached $0,00000138 (CoinGecko aggregator’s data as of 10:00 UTC).
What is known about the project? The mascot of the project is the popular character Pepe the Frog, created by cartoonist Matt Furie. The developers are positioning the asset as a competitor of meme coins, whose mascot is a dog of the Shiba-Inu breed. They include Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (Floki).
“It’s time for the most recognizable meme in the world to take his reign as king of the memes,” the project’s developers write on their official website, stating that the community is already tired of “endless derivative ShibaCumGMElonKishuTurboAssFlokiMoon Inu coins” that “have had their day.”
The total token issue is 420,69 trillion PEPE. Meanwhile, 93,1% of all tokens have been sent to the liquidity pool and burned. The remaining 6,9% is stored in a multi-signature wallet and will be used on centralized exchanges (CEX), for bridges and liquidity pools.
After listing on the Binance crypto exchange’s Innovation Zone in March, Radiant Capital’s token appreciated 29,9% to $0,4486. According to analysts, the listing of tokens on Binance leads to a ~41% increase in their exchange rate. LQTY, GNS, SYN, and MAGIC tokens gained 59-75% on the opening day, while the Aptos blockchain platform’s coin jumped by 10 000%.
Useful material?
Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024