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.
Binance’s announcement notes that users are already able to engage in spot trading for these two meme-inspired cryptocurrencies, with both tokens set to be incorporated as new borrowable assets within a 48-hour timeframe.
Initially conceived as a meme coin venture, FLOKI has since broadened its scope to encompass an array of offerings, such as gaming, NFT collections, and even a cryptocurrency debit card. In contrast, Pepe Coin, a contentious meme coin, is based on a cartoon character and possesses no utility. Developed by an enigmatic team, the coin’s uncertain origins have sparked controversy.
Nevertheless, amid a flurry of trading activity, its price has risen over 1,200% over the last couple of days, with at least one cryptocurrency trader with a penchant for meme coins managing to reap an astounding 38,675% profit on the token.
(by Francisco Memoria)
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