Introduction
BeInCrypto investigates which cryptocurrency exchanges have added the meme token PEPE, which has recently entered the top 120 by trading volume, and which ones are still considering it.
PEPE token listings on centralized and decentralized exchanges
PEPE, a “meme altcoin,” has gained support from cryptocurrency exchanges. At the time of writing, the token is listed on a dozen centralized and decentralized trading platforms, including Uniswap, OKX, MEXC, Gate.io, Huobi, Poloniex, Bitget, and others. According to CoinMarketCap, the highest trading volume for the token is on OKX, with more than $102 million accumulated. MEXC has liquidity that is half the size ($51 million), but it is the second-highest among centralized exchanges. The PEPE token is available for trading against Tether (USDT) stablecoin or tokenized Wrapped Ether (wETH).
PEPE token listings on Binance and Coinbase
There is currently no PEPE listing on centralized giants like Binance or Coinbase. However, during a recent AMA session, Binance CEO Changpeng Zhao hinted that the exchange might consider listing PEPE if demand for the token continues to grow. Zhao did not reveal any timeline for a possible listing. Coinbase has not commented on a potential PEPE listing at the time of writing.
Price surge and market capitalization ranking
The mass listing of the meme token has already affected the PEPE price. Since mid-April 2023, PEPE quotes have skyrocketed by more than 2000% to $0.000001063. It is worth noting that the token’s market capitalization ranking differs among aggregators. While PEPE is in the top 100 by market cap on CoinGecko, the token is ranked 2612th on CoinMarketCap. However, such a drastic difference could be due to differences in counting methodology and the number of tracked tokens.
Risks of investing in meme tokens
Investing in meme tokens is associated with extremely high risks. The price of such tokens primarily depends on demand from the cryptocurrency community. Meme tokens are also vulnerable to price manipulation by large investors due to their weak liquidity.