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PEPE Soars 90% Following Listing on OKX, Enters Top 100

AA News - Dimitar Dzhondzhorov 2023-05-01 16:15

Pepe coin (PEPE) – a token inspired by the popular internet meme of Pepe the Frog – skyrocketed by over 90% shortly after the crypto exchange OKX listed it on its platform. 

The hype surrounding the asset has become so high that its market capitalization recently surpassed $450 million. 

  • The Seychelles-based crypto exchange – OKX – announced the listing of PEPE on its spot trading markets. PEPE/USDT trading pairs will be available from May 1, whereas PEPE withdrawals will be allowed from May 2.
  • The price of the altcoin skyrocketed by more than 90% in the hours after the disclosure. Furthermore, it reached a market capitalization of over $450 million, placing it among the top 100 coins (according to CoinGecko data).
  • PEPE gained traction shortly after its launch in mid-April. At that point, its market cap was less than a million dollars. There were multiple stories at the time of certain crypto investors who pocketed mind-blowing profits in days.
  • As a result of social media-fueled hype and listing on other platforms, though, it has become one of the hottest topics in the world of crypto as of late.
  • The past week, even though it was quite unfavorable for the majority of the market, turned out to be positive for the memecoin, which has skyrocketed by 250% within that timeframe.
PEPEUSD. Source: CoinGecko PEPEUSD. Source: CoinGecko

The post PEPE Soars 90% Following Listing on OKX, Enters Top 100 appeared first on CryptoPotato.