Binance, the world’s largest crypto exchange, has announced the listing of two meme coins, PEPE and FLOKI, on its platform. The communities behind these tokens have been calling for Binance to list them, and now their wish has been granted. The exchange has listed both tokens in its innovation zone, with trading set to begin on May 6. Deposits for both cryptocurrencies have already been opened as of Friday, May 5. The coins are listed for spot trading across four pairs, including PEPE/USDT, PEPE/TUSDT, FLOKI/USDT, and FLOKI/TUSD.
Binance has also revealed that it plans to allow borrowing on both assets. The new margin pairs for FLOKI and PEPE will be available on Isolated Margin and the exchange plans to add both of these in the next 48 hours. The Isolated Margin pairs include FLOKI/USDT and PEPE/USDT.
The news of the listings has triggered a price rally, with both assets responding positively since the announcement. 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. The listings have also sparked a flurry of new activity in both communities, resulting in higher trading volume for both assets.
It’s worth noting that the win here is really for PEPE, a meme coin that is less than one month old and has already risen over 25,000x. While both PEPE and FLOKI hit a milestone with this listing, 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.
Meme coins have exploded in popularity in recent months, with investors and traders hopping on the latest trend. They are digital tokens that are based on internet memes or jokes. While they may seem like a joke, some investors have made significant profits from investing in meme coins. However, as with all investments, it’s important to conduct thorough research and understand the risks involved before investing.
Binance’s move to list PEPE and FLOKI is an indication that meme coins are gaining acceptance and recognition in the crypto community. It’s expected that other exchanges will also follow suit and list more meme tokens. This could further drive the demand for meme coins, as more investors and traders enter the market.
It’s worth noting that not all meme coins are created equal. While some have rallied significantly in recent months, others have failed to gain traction. Investors and traders need to do their due diligence, understand the fundamentals of each meme coin, and follow market trends before making any investment decisions.
In conclusion, Binance’s move to list PEPE and FLOKI is a significant development for the meme coin market. It shows that these tokens are gaining acceptance and recognition in the crypto community. While investing in meme coins can be profitable, it’s important to conduct thorough research and understand the risks involved. As the trend continues, it will be interesting to see which meme coins gain popularity and which ones fail to gain traction.
