PEPE, the latest memecoin to take the crypto world by storm, has seen a staggering 2,000% surge in price within the past two weeks, driving a trading frenzy as more exchanges add it to their platforms. The meteoric rise in popularity of the Pepe the Frog-themed cryptocurrency has caught the attention of major exchanges such as OKX, MEXC Global, Bitget, Gate.io, and Huobi.
OKX announced the listing of PEPE for May 1 at 17:00 Hong Kong Time (HKT), with Pepe withdrawals available from May 2 at 17:00 HKT. In justifying their decision, OKX staff highlighted the popularity of the Pepe the Frog meme, a creation of cartoonist Matt Furie.
Since its listing on several exchanges two weeks ago, the token has returned an impressive 2,340%. Trading at $0.000001223 apiece at the time of publication, Pepe’s price soared over 50% within 24 hours following news of the OKX listing.
Developed on the Ethereum blockchain by anonymous creators, the Pepe token seeks to capitalize on the memecoin trend popularized by Shiba Inu and Dogecoin. Memecoins like DOGE and SHIB experienced significant price surges in 2021, thanks in part to Elon Musk’s public support for DOGE and SHIB’s association with its sister token.
Despite the excitement surrounding PEPE, OKX advises potential investors to fully understand digital assets, assess their investment abilities, and make investment decisions cautiously, as digital assets carry inherent risks and price fluctuations.