Investors anticipate a significant rally
Investors anticipated that the listing of PEPE on BitMEX could lead to another significant rally. The first bull run of PEPE occurred after it was listed on well-known cryptocurrency exchanges such as Binance, OKX, Huobi, Gate.io, and MEXC.
Access to long or short positions on BitMEX
Starting May 3, BitMEX users gained access to long or short positions on PEPE through trading pairs PEPEUSD and PEPEUSDT with up to 50x leverage. This event caused an 80% price surge.
Exponential growth in value
Despite its recent launch, a growing number of investors have led to an exponential growth in the value of the meme coin. Launched on April 15 at a price of $0.000000001 per PEPE, it reached a historic high of $0.00000138, after which a correction lowered it to $0.00000164.
PEPE reaches the top 100 cryptocurrencies
Thanks to the impressive rally, PEPE has entered the top 100 cryptocurrencies on CoinGecko. The token currently holds the 75th position with a market capitalization of $669 million and a 24-hour trading volume of $258.7 million.
Coinbase’s potential listing of PEPE
The community expects Coinbase to also list PEPE since users have noticed that the cryptocurrency exchange created a page on its site titled “How to buy Pepe.”
PEPE: an ERC-20 token based on a popular internet meme
PEPE is an ERC-20 token with an emission of 420.69 trillion tokens created based on the popular internet meme frog, Pepe.