Reading 3 min Published Updated
PEPE, a popular meme coin, was recently listed on OKX, a major cryptocurrency exchange. The move has sparked excitement among investors who believe the coin could become a major player in the crypto market and the meme sector.
PEPE Coin goes to the big leagues
The recent listing on OKX is a major milestone for PEPE, giving the coin greater exposure and access to a wider pool of investors. OKX is one of the largest cryptocurrency exchanges in the world and its listing requirements are strict, which speaks to the increased enthusiasm generated by the cryptocurrency. The move also bodes well for the future of the coin as it could lead to additional listings on other major exchanges.
📢 New Perpetual Market on #OKX$PEPE/USDT @pepecoineth, $AIDOGE/USDT @ArbDogeAI perpetual swap (up to 75x)
🟢 Trading opens at 4:00 am UTC on May 3 📅
Also coming soon:
✅ Margin trading
✅ $AIDOGE Savings— OKX (@okx) May 1, 2023
Additionally, there is speculation that Binance, another major player in the cryptocurrency space, may include PEPE if it meets their criteria. Binance CEO Changpeng Zhao recently hinted at this possibility during an Ask-Me-Anything (AMA) session, further fueling the hype surrounding the coin.
In addition to the already exciting news, the value of the meme coin has risen by more than 90% since yesterday. This resulted in a record market capitalization of over $435 million, making it the 101st most valuable coin in the cryptocurrency market, as reported by NewsBTC.
Frogging Amazing, Meme Coin is taking the crypto world by storm
According to Lookonchain, a blockchain analytics firm, the three “SmartMoneys” sold some of their assets to PEPE and made a profit of over $1 million. This impressive feat was achieved in just two weeks.
Lookonchain reported that the person with the following wallet made a significant profit from investing in PEPE. According to Lookonchain, the owner of the wallet purchased 5.42 trillion PEPE tokens for the equivalent of 1 Ethereum, worth about $2,100.
The wallet owner sold 3.42 trillion PEPE tokens for 929 Ethereum worth about $1.77 million. Despite the sale of some assets, this person still has 2 trillion PEPE tokens, worth about $2.37 million at current market prices.
If this investor were to sell their remaining meme coin tokens at the current market price, they could potentially net about $4.14 million.
In addition, a user using dimethyltryptamine.eth made a significant profit by investing in a cryptocurrency project. The user is reported to have purchased 5.9 trillion PEPE tokens for the equivalent of 0.125 Ethereum worth about $251.
Dimethyltryptamine.eth sold 2 trillion memecoin tokens for 560 Ethereum worth about $1.06 million. Despite selling some of its assets, dimethyltryptamine.eth still owns 3.9 trillion PEPE tokens, worth about $2.37 million at current market prices.
PEPEcoin is trading sideways on the hourly chart. Source: PEPEUSDT on TradingView.com.
Featured image by PEPE on Twitter, chart from TradingView.com