Binance announced that it has delisted PEPE from its lending platform.
While the signs of recovery in the crypto market were coming, an interesting move came from Binance. PEPE, which was the fury of a period and supported the memecoin bull, was delisted from Binance’s credit platform.
Binance stated that it listed PEPE because of the community and did not make any guarantees against the project. Binance’s delist move attracted attention, as investors are considering bullish scenarios in the popular memecoin.
The exchange has removed PEPE from the Binance Flexible Loan platform.
Binance Claims PEPE Loans Back
Binance is delisting PEPE on June 21 from the Binance Flexible Loan platform. In the statement from the exchange, it was reported that PEPE loan positions will be closed.
In an announcement, Binance recommended that users repay any outstanding PEPE loans before the deadline to avoid possible liquidation. A 2% fee will be applied to liquidated transactions. Binance stated that PEPE loans will be terminated on June 21 at 11:00 am.
Previously, Binance had listed the popular memecoin PEPE on the exchange. However, Binance CEO CZ gave the message that this listing is not a guarantee.
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