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

1651

2 min

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).

The token rate on CoinGecko

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%.

Author: