PEPE has experienced a significant surge in its market value, and has now secured a spot among the top 100 digital assets.

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A newly-created token named after the ‘Pepe the Frog’ meme has recently taken the meme-coin crown, hitting a market cap of half a billion dollars within two weeks of launch.

Leading cryptocurrency exchange Binance has announced the listing of two major meme-inspired cryptocurrencies, Floki ($FLOKI) and the hot memecoin Pepe, which is inspired by the infamous meme and cartoon character Pepe the Frog, and was introduced to the market on April 17, 2023.

More exchanges are now following Binance to list PEPE.

Crypto exchange Binance has revealed it would list Pepe (PEPE) and Floki Inu (FLOKI) in its innovation zone, according to a May 5 statement.

May 5 (Cointime) - Binance has temporarily suspended deposits for FLOKI and PEPE due to technical difficulties. The exchange notes that users may not be able to view their deposits during this period and that previous deposits currently not visible will be credited. Binance assures users that funds are safe and that deposits will reopen once the issue has been resolved. The exchange will provide further updates on the matter.

The United States White House has released a national standards strategy for key and emerging technologies, which includes distributed ledger technology (DLT) and digital identity infrastructure.

May 5 (Cointime) - Binance has announced that it will list FLOKI and PEPE in its Innovation Zone and open trading for these spot trading pairs on May 5 at 16:00 UTC. The new spot trading pairs are FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD, and users can start depositing FLOKI and PEPE in preparation for trading. Withdrawals for FLOKI and PEPE will open on May 6 at 16:00 UTC. Binance will not charge a listing fee for FLOKI and PEPE. Additionally, Binance will add FLOKI and PEPE as new borrowable assets with these new margin pairs on Isolated Margin within 48 hours of May 5 at 16:00 UTC, with new Isolated Margin pairs of FLOKI/USDT and PEPE/USDT.

On May 2, the median average transaction fee on the Ethereum network soared to around 87 gwei, according to Dune Analytics. This spike was mainly attributed to the increased on-chain activity surrounding memecoin trading.

According to CoinGecko’s report today, Shiba Inu is the most popular meme coin in the United States, representing 60.78% of the country’s interest in meme-based cryptocurrencies beating PEPE, which garnered 11.8% in the US.

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Liquidity concerns arise due to the massive number of tokens held by some investors and large wallets allegedly controlled by the PEPE token founders that could drain liquidity.

April 23 (Cointime) - Jeff Huang, aka 'Machi Big Brother', a Taiwanese-American musician and tech entrepreneur based out of Taiwan, denied being the founder of Nakamigos or the $PEPE token, stating that the project was actually started by Beeple or Yuga Labs.

PeckShieldAlert, a leading blockchain security company, has warned about a phishing site and a fake Twitter account related to the newly emerged Pepe (PEPE) meme coin. The Twitter account (@pepecoineth_) is fraudulent, and the link, "pepecoin. vip," is a phishing website.

PEPE coin, a meme-inspired cryptocurrency, has gained significant attention after surging over 21,000X. Trust Wallet, owned by Binance and one of the most well-known crypto wallets, recently added support for PEPE as the coin trended highly on social media.