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On May 5 at 19:00 (Kyiv / Moscow time), the Binance crypto exchange will place FLOKI (FLOKI) and Pepe (PEPE) meme-coins in the innovation zone and open spot trading.
#Binance will list @pepecoineth $PEPE and @RealFlokiInu $FLOKI in the innovation zone.
➡️ https://t.co/yxcINj0whc pic.twitter.com/o4UTvWZkHj
— Binance (@binance) May 5, 2023
The assets will be available in pair with Tether (USDT) and TrueUSD (TUSD) stablecoins. Users can already make deposits in designated mem-cryptocurrencies.
Margin trading for FLOKI and PEPE will open within 48 hours of the main listing, according to the exchange. Withdrawals will be available from May 6th.
“Please note that at the time of writing, there is no utility or value maintenance mechanism in PEPE. In addition, there are indications that some insiders or team members were able to buy 7% of the total supply of tokens within minutes of its creation,” Binance said.
Against the background of the news about the listing, PEPE grew by 41% in an hour, and its capitalization reached $1.17 billion.
According to CoinGecko, the coin is still in third place among other meme-coins, but its daily trading volume was almost twice the combined indicators of the leaders – Dogecoin (DOGE) and Shiba Inu (SHIB).
Meanwhile, the FLOKI rate increased by 62% in an hour to $0.00005367. During the same time, the capitalization of the coin jumped by almost $200 million.
Recall that in May, the head of Binance, Changpeng Zhao, said that he “does not understand mem-coins” and does not personally list such coins.
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