PEPE has made history by becoming the first meme coin to be officially listed on a cryptocurrency exchange in Japan. As reported by CoinDesk Japan, BITPoint Japan—a centralized exchange established in 2016 and licensed by the country’s Financial Services Agency—has welcomed PEPE onto its platform.
BITPoint will facilitate spot trading, lending, and savings services for PEPE, which is currently the third-largest meme coin by market capitalization, valued at $4 billion with a maximum supply of 420.69 trillion PEPE tokens.
To celebrate this milestone, the Japanese exchange is launching two promotional campaigns. The first will see 10 BITPoint users who purchase at least 10,000 yen worth of PEPE enter a lottery with a prize pool of 100,000 yen, concluding on November 27. The second campaign will offer a giveaway for the exchange’s X followers.
PEPE, which launched in April 2023, is named after the iconic internet meme “Pepe The Frog.” Since its inception, the meme coin has surged over 34,000% from its launch price, currently trading at $0.0000095.
Before its listing on BITPoint, PEPE had already secured positions on major cryptocurrency exchanges, including Binance, Bybit, OKX, and Upbit, among others. Typically, listings on significant exchanges ignite short-term investor interest, leading to price increases.
Since reaching an all-time high of $0.000017 on May 27, PEPE has experienced heightened volatility. As of now, the asset’s Relative Strength Index (RSI) stands at 53, indicating it is neither overbought nor oversold. This balance suggests PEPE is well-positioned for a potential price surge, particularly as the broader cryptocurrency market is witnessing substantial gains. Reports indicate that the global crypto market cap has surpassed $2.5 trillion, bolstered by consecutive inflows into Bitcoin exchange-traded funds.
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