Users Anticipate Another Price Surge as PEPE Lists on BitMEX
- BitMEX users can trade PEPE via PEPEUSD and PEPEUSDT trading pairs.
- Investors project that PEPE’s listing on BitMEX could ignite another significant rally.
Investors project that PEPE’s listing on BitMEX could ignite another significant rally after the token has shown to be one of the most profitable coins in the crypto industry this year. PEPE shot into the limelight after being listed on renowned crypto exchanges like OKX, Huobi, Gate.io, and MEXC.
Starting today, May 3, 2023, BitMEX traders will have access to trade long or short positions on PEPE via the PEPEUSD and PEPEUSDT trading pairs with up to 50x leverage. It marks another milestone in the life of the vowel frog-themed meme coin that is already popular among crypto users.
The novel meme coin has returned impressive numbers amid significant adoption. Despite its recent launch, the swelling community and increasing number of investors have resulted in exponential turnovers in the value of the meme coin. PEPE launched on April 15 at $0.000000001 and reached an all-time high (ATH) of $0.00000138 before retracing to $0.00000106 at the time of writing.
Due to the rally, PEPE shot into the top 100 cryptocurrencies on CoinGecko. It ranked 99th at writing time, with a market capitalization of $442.15 million and a 24-hour trading volume of $212.2 million.
Today’s listing on BitMEX is one of several other listings expected on top exchanges. There are speculations that Coinbase is about to list PEPE after users observed the crypto exchange had set up a page on its website titled “How to buy Pepe.”
PEPE is an ERC-20 token with a supply of 420.69 trillion tokens, joining the growing number of meme coins in the crypto industry. Despite several other Pepe the Frog NFTs and tokens, the most recent PepeCoin (PEPE) has captured the market’s attention differently.