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.

Pepecoin (PEPE) has gained a significant market share in the memecoin market since its launch in late April 2023, with a 2,000% boom in value attributed to zealous memecoin hype on Twitter. Data analytics firm Nansen estimates the total memecoin market value to be around $20 billion, with the top five tokens accounting for over $18 billion of the value. Pepecoin's website disclaims that it is "a meme coin with no intrinsic value or expectation of financial return" and has "no formal team or roadmap." The social aspect of memecoins remains a major driver of investor sentiment and action, according to Nansen research analyst Xin Yi. However, Yi also pointed out the inherent risks of memecoins, including liquidity crunches where major token holders dump their holdings, leaving smaller investors with losses.

Pepe (PEPE), a meme coin launched on April 14, 2023, has surged over 85% in the last 24 hours and surpassed a market cap of $1 billion. However, the token's official website states that it has no intrinsic value or expectation of financial return, and that it is completely useless and for entertainment purposes only. Pepe is similar to other memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB), which experienced massive surges in value in 2021 despite their lack of underlying fundamentals. Investment in memecoins is considered high-risk due to their extreme volatility and major swings in value. On-chain activity from Pepe insiders has raised concerns, with five addresses allegedly linked to the Pepe team making a $1.23 million profit by purchasing PEPE at a low price and selling over 90% of their holdings on Uniswap for a gain.

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.

Pepe, an Ethereum-based memecoin, has rallied to a new all-time high of $0.000002322, increasing by more than 50% in the last 24 hours. The memecoin's market cap reached as high as $931 million before retracing to its current level of $864.54 million. Pepe is ranked as the 61st largest crypto asset by market cap, above several significant crypto assets like Terra Classic (LUNC), Huobi Token (HT), BitTorrent (BTT), MakerDAO (MKR), and others. Pepe's trading volume in the last 24 hours surpassed that of Dogecoin and Shiba Inu, standing at $647 million. The massive hype and strong community support have been the primary reason for its performance, coupled with the existing popularity of the Pepe frog meme.

Pepe coin (PEPE) has experienced a significant price increase of 500% in the past two weeks, despite negative funding rates in perpetual futures tied to the token indicating bearish positions in the derivatives market. The price bump has led to significant losses for traders holding short positions against Pepe, with shorts against Pepe losing at least $11 million on several exchanges over the past 24 hours. Pepe losses were third to only bitcoin (BTC) and ether (ETH) futures liquidations, which usually rack up the highest futures losses. Large liquidations can signal the local top or bottom of a steep price move, allowing traders to position themselves accordingly. (Coindesk)

A cryptocurrency trader with a penchant for meme coins has managed to reap an astounding 38,675% profit on a new contender in the meme coin arena, rivaling the likes of Dogecoin ($DOGE) and Shiba Inu ($SHIB), according to data from the blockchain.