June 16 (Cointime) - Binance, the largest digital currency trading platform, has removed PEPE as a borrowable asset from its Flexible Loan program. The delisting will take effect on June 21, and all outstanding PEPE loan positions will be closed. Binance is urging users to pay off their outstanding PEPE loans to avoid direct liquidation, with a 2% liquidation fee for those who get liquidated. Despite the delisting,

Binance still supports PEPE as an asset on its platform, and the repayment of funds will be in the same currency. However, PEPE has lost much of its value and is currently experiencing a massive sell-off, with hopes for a rebound depending on the actions of its core developers.